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Evaluate the supply and demand for particular value

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Reference no: EM1317885

Find the supply and demand for particular value when supply and demand functions are given.

Suppose the supply and demand for a certain videotape is given by:

Supply: p = (1/6) q2; demand: P = (-1/6)q2 + 40

Where p is price and q is quantity.

How many videotapes are demanded at a price of $20?

 

Reference no: EM1317885

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