Ask a New Question

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?

1 answer

wouldn't you set demand = supply, and solve for q?

Similar Questions

When modeling market interactions, consumers _____ factors of production and ______ products.A) supply; demand B) supply; supply
1. 41 answers
Suppose the supply and demand for a certain videotape are given by: supply: p=1/3q^2; demand: p=-1/3q^2+48
1. 1 answer
Suppose the supply and demand for a certain videotape are given by:Supply: p=1/3q^2 Demand: p=-1/3q^2+48
1. 3 answers
Question 4(Multiple Choice Worth 5 points)(01.05 LC) Which of the following is the state in which supply and demand are balanced
1. 1 answer

more similar questions