Question: Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given. Supply: p = 90q Demand: p = -q

Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given.

Supply: p = 90q

Demand: p = -q2 + 9000

The equilibrium quantity is p = ?

at price p = ?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!