Question

The supply function for a product is 2p − q − 40 = 0, while the...

The supply function for a product is

2p − q − 40 = 0,

while the demand function for the same product is

(p + 20)(q + 10) = 7200.

Find the market equilibrium point.

(q, p) = ( )

Math   Precalculus   
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