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?
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