Asked by Jessica
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
Answered by
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)
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.