Question
Supply function 300_p2+29=0. Demand function p2+4q=16. Find the equilibrium price
Answers
Reiny
Is that first equation is supposed to say
300 - p^2+29=0 ?
then p^2 = 329
sub that into the 2nd which I will assume is p^2+4q=16
329 + 4q = 16
4q = -313
q = -78.5
Is q supposed to be negative?
check the typing of your equations.
300 - p^2+29=0 ?
then p^2 = 329
sub that into the 2nd which I will assume is p^2+4q=16
329 + 4q = 16
4q = -313
q = -78.5
Is q supposed to be negative?
check the typing of your equations.