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Name: The demand for watched is given by p= 7000-2q dollars, and the supply
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Description: The demand for watched is given by p= 7000-2q dollars, and the supply of watches is given by p= 0.01q^2 +2q +1000 dollars, where q is the number of watches demanded and supplied when the price per watch is p dollars. Based on the information provided

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.

Chapter7: Integration

Section7.EA: Extended Application Estimating Depletion Dates For Minerals

Problem 4EA

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The demand for watched is given by p= 7000-2q dollars, and the supply of watches is given by p= 0.01q^2 +2q +1000 dollars, where q is the number of watches demanded and supplied when the price per watch is p dollars. Based on the information provided, calculate the equilibrium quantity and the equilibrium price for wstched

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