Determine equilibrium supply, Mathematics

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Determine equilibrium supply

Assume price p of bolts is related to quantity q which is demanded by:

p =640 - 5q2

where q is estimated in hundreds of bolts. Assume supply function for bolts is provided by

p = 5q2,

where q is the number of bolts (in hundreds) which are supplied at price p. Determine equilibrium supply.

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Mathematics: Determine equilibrium supply

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Mathematics: Determine equilibrium supply

Reference No:- TGS0866825

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Recent Questions Asked Mathematics

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Mathematics: Determine equilibrium supply

Reference No:- TGS0866825

Recent Questions Asked Mathematics

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