Question

50) the monthly demand and supply functions for the Luminar desk lamp are given by

p=d(x)= -1.1x^2 + 1.5x + 40
p= s(x)= 0.1x^2 + 0.5x + 15

respectively, where p is measured in dollars and x in units of a thousand. Find the equilibrium quantity and price.

Answer 1

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Answer 2

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