Given: (q is the number of items) Demand function: d(q) = 476.1 - 0.5q^2 Supply function: s(q) = 0.4q^2 Find the equilibrium quantity: items Find the equilibrium price: $
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1 - 0.5q^2 = 0.4q^2 0.9q^2 = 476.1 q^2 = 529 q = \sqrt{529} q = 23 Show more…
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