emdorsheimer
New member
- Joined
- Oct 6, 2006
- Messages
- 17
The demand and supply equations for a certain item are given by:
D = –5p + 40
S = –p2 + 30p – 8
Find the equilibrium price.
At equilibrium, we have D = S. Then:
-5p + 40 = -p^2 + 30p - 8
p^2 - 35p + 48 = 0
p = [35+/-rt{(-35)^2-192}]/2p = 35 + 13.85/2
Still does not match. please help me?
______________________________
Edited by stapel -- Reason for edit: formatting
D = –5p + 40
S = –p2 + 30p – 8
Find the equilibrium price.
At equilibrium, we have D = S. Then:
-5p + 40 = -p^2 + 30p - 8
p^2 - 35p + 48 = 0
p = [35+/-rt{(-35)^2-192}]/2p = 35 + 13.85/2
Still does not match. please help me?
______________________________
Edited by stapel -- Reason for edit: formatting