Polynomial Functions And Quadratic Models Worksheet - Lecture 6, University Of Florida Page 11

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L6 - 11
Additional Example:
Supply and Demand
ex. The supply and demand functions for a given
2
product are p = S(q) = q
+ 12 and
p = D(q) = 172
6q respectively, where p is the
wholesale price per item and q is the quantity sold/produced.
Find the equilibrium quantity and price.

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