The equilibrium point of these demand and supply functions?

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lucky13

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Apr 20, 2010
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What is the equilibrium point for the demand and supply functions

D(p)=(p-4)^2, 0<=p<=4

and

S(p)=p^2+2p+6

As of right now i have nothing to go on.
 
lucky13 said:
What is the equilibrium point for the demand and supply functions

D(p)=(p-4)^2, 0<=p<=4

and

S(p)=p^2+2p+6

As of right now i have nothing to go on.
Click to expand...

How is equilibrium point defined - wrt - demand and supply functions?

Please share with us your work, indicating exactly where you are stuck - so that we may know where to begin to help you.
 
What I have written is the only information i was given in a study guide for a test. So if I know how to do that problem I know how to do the test. With only that information. I am stuck with the entire thing honestly.
 
I dont know what "-wrt-" means but if you are asking what or where are the demand and supply functions

Demand- D(p)=(p-4)^2, 0<=p<=4

Supply- S(p)=p^2+2p+6
 
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