Estimate the equilibrium price and quantity of the market whose demand and supply functions are pd=-(q+4)2+100 and ps=(q+2)2 respectivelyIf the region A (shaded grey) in the diagram above represents a solution set,derive the system of inequalities which define that region. a. Estimate the equlibrium price and quantity of the market whose demand and supply functionsare pa = -(q + 4)2+ 100 and p, = (q + 2)² respectively.Showing all supporting working:b. If the region A (shaded grey) in the diagram above represents a solution set, derivethe system of inequalities which define that region.

a) Given the demand and supply function: For the equilibrium quantity:

Answered: a. Estimate the equlibrium price and…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Estimate the equilibrium price and quantity of the market whose demand and supply functions are pd=-(q+4)2+100 and ps=(q+2)2 respectively
If the region A (shaded grey) in the diagram above represents a solution set,derive

the system of inequalities which define that region.

a. Estimate the equlibrium price and quantity of the market whose demand and supply functions
are pa = -(q + 4)2+ 100 and p, = (q + 2)² respectively.
Showing all supporting working:
b. If the region A (shaded grey) in the diagram above represents a solution set, derive
the system of inequalities which define that region.

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