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March 26, 2017

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Hello - I am stuck on this problem and I'm in serious need of some help. I don't understand this question at all. The problem is:

Find the equilibrium quantity and equilibrium demand function for the given:

Supply: P=45q
Demand: P=q^2+10,000

  • College Algebra - ,

    I will assume at equilibrium, Supply = Demand

    q^2 + 100000 = 45q
    q^2 - 45q + 10000 = 0
    This equation has no real solution.

    (I guess I don't understand this topic well enough)

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