Q5 a. Estimate the equlibrium price and quantity of the market whose demand and supply functions are pa = -(q + 4)? + 100 and p, = (q + 2)² respectively. Showing all supporting working: b. If the...


Q5<br>a. Estimate the equlibrium price and quantity of the market whose demand and supply functions<br>are pa = -(q + 4)? + 100 and p, = (q + 2)² respectively.<br>Showing all supporting working:<br>b. If the region A (shaded grey) in the diagram above represents a solution set, derive<br>the system of inequalities which define that region.<br>

Extracted text: Q5 a. Estimate the equlibrium price and quantity of the market whose demand and supply functions are pa = -(q + 4)? + 100 and p, = (q + 2)² respectively. Showing all supporting working: b. If the region A (shaded grey) in the diagram above represents a solution set, derive the system of inequalities which define that region.

Jun 10, 2022
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