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The demand and supply equations for a good are given as q^2 + 8q + 220...

The demand and supply equations for a good are given as q^2 + 8q + 220 = 11p and q^2 + 6q − 384 + 12p = 0 respectively, where q is the quantity demanded and supplied and p is the price.

a. Find the equilibrium price and quantity of the good.

b. Determine the revenue function of the good. c. Hence, or otherwise determine the revenue level at the market equilibrium, to the nearest whole number.

Math   Algebra   
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