- #1

davie08

- 115

- 0

## Homework Statement

find the equilibrium value of q and the market clearing price p for each of the supply and demand functions. sketch the graph.

p= 8q/q+50, q+50 , q

__>__0 (supply)

p=3q+630/q+30, q

__>__0 (demand)

## Homework Equations

**3. The Attempt at a Solution [/b**

okay so I worked this out on the test to be:

q=150 and p=$6

I know how to do the graph. but this same question is in my book where a lot of answers have been wrong and it says q=92.8 and p=5.20.

So I just want to have this answer confirmed thanks.

okay so I worked this out on the test to be:

q=150 and p=$6

I know how to do the graph. but this same question is in my book where a lot of answers have been wrong and it says q=92.8 and p=5.20.

So I just want to have this answer confirmed thanks.