Solve the problem.
-Suppose the supply and demand for a certain videotape are given by:
$$\text { supply: } \mathrm{p}=\frac{1}{3} \mathrm{q}^{2} ; \quad \text { demand: } \mathrm{p}=-\frac{1}{3} \mathrm{q}^{2}+30$$
Where $\mathrm{p}$ is price and $q$ is quantity.
Find the equilibrium supply.
A) About 8
B) About 7
C) About 9
D) About 6

Question

Quizplus · Accepted Answer

The Answer of Solve the problem.
-Suppose the supply and demand for a certain videotape are given by:
$$\text { supply: } \mathrm{p}=\frac{1}{3} \mathrm{q}^{2} ; \quad \text { demand: } \mathrm{p}=-\frac{1}{3} \mathrm{q}^{2}+30$$
Where $\mathrm{p}$ is price and $q$ is quantity.
Find the equilibrium supply.
A) About 8
B) About 7
C) About 9
D) About 6

Solve the Problem supply: p=13q2; demand: p=−13q2+30\text { supply: } \mathrm{p}=\frac{1}{3} \mathrm{q}^{2} ; \quad \text { demand: } \mathrm{p}=-\frac{1}{3} \mathrm{q}^{2}+30 supply: p=31​q2; demand: p=−31​q2+30

Solve the Problem $\text { supply: } \mathrm{p}=\frac{1}{3} \mathrm{q}^{2} ; \quad \text { demand: } \mathrm{p}=-\frac{1}{3} \mathrm{q}^{2}+30$