Question
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
Find the equilibrium quantity and equilibrium demand function for the given:
Supply: P=45q
Demand: P=q^2+10,000
Answers
Reiny
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)
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)