The supply and demand equations for a certain commodity are given (a) Find the equilibrium demand (b) Find the equilibrium price (in dollars) 7000 3q and demand p 29 2000 supply p 2000 4...

2000 2000q 70003q 2q supply p demand p a Equilibrium occurs when suppl ...

The supply and demand equations for a certain commodity are given. (a) Find the equilibrium demand. (b)

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The supply and demand equations for a certain commodity are given. 7000 – 3q and demand: p = 29 2000 supply: p 2000 – 4

(a) Find the equilibrium demand.

(b) Find the equilibrium price (in dollars).

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College Algebra

ISBN: 978-0134697024

12th edition

Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels

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Question Posted: Apr 10, 2019 02:39 PM

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The supply and demand equations for a certain commodity are given. (a) Find the equilibrium demand. (b)

Question:

7000 – 3q and demand: p = 29 2000 supply: p 2000 – 4

Step by Step Answer:

2000 2000q 70003q 2q supply p demand p a Equilibrium occurs when suppl...View the full answer

College Algebra

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