The supply and demand for a product are given by  2p − q = 50 and pq = 100 + 20q,  respectively. Find the market equilibrium point. (q, p) =

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter4: Eigenvalues And Eigenvectors
Section4.2: Determinants
Problem 11AEXP
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The supply and demand for a product are given by 

2p − q = 50 and pq = 100 + 20q,

 respectively. Find the market equilibrium point.

(q, p) = 
 
 
 
 
 
 
 
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