Assume the supply and demand functions for a manufacturing company are:
Supply: p= 2/3q-250 Demand: p= -4/3q + 750
where p is the price per unit in dollars and q is the quantity in units. Find the equilibrium quantity.
O 1,000
750
O250
O 100
O 500

Question

04-12-2022
Mathematics

Answered

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Assume the supply and demand functions for a manufacturing company are:
Supply: p= 2/3q-250 Demand: p= -4/3q + 750
where p is the price per unit in dollars and q is the quantity in units. Find the equilibrium quantity.
O 1,000
750
O250
O 100
O 500

Sagot :

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