Asked by mike
suppose the supply and demand for a certain videotape are given by:
Supply:p=1/5q^2
Demand p=-1/5q^2+30
where p is price and q is quantity
find the equilibrium price?
Supply:p=1/5q^2
Demand p=-1/5q^2+30
where p is price and q is quantity
find the equilibrium price?
Answers
Answered by
bobpursley
wouldn't you set demand = supply, and solve for q?
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