(q, p) = Demand: Supply: p = -49 +314 р = 6q+5

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter14: Discrete Dynamical Systems
Section14.3: Determining Stability
Problem 1YT
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Find the market equilibrium point for the following demand and supply functions.
Demand: Р =
Supply:
р =
(q, p) =
=
-49 +314
6q + 5
Transcribed Image Text:Find the market equilibrium point for the following demand and supply functions. Demand: Р = Supply: р = (q, p) = = -49 +314 6q + 5
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