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.

(a) Find the equilibrium demand.

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

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Related Book For answer-question

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:

supply: p = V0.1q + 9 – 2 and demand: p = V25 – 0.1q

Step by Step Answer:

supply p01q92 demand p 2501q a Equilibrium occurs when supp...View the full answer

College Algebra

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