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Math Help - Supply and Demand

  1. #1
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    Supply and Demand

    The supply and demand for crabmeat in a local fish store are related by the equations:
    Demand p=D(q)=19-2q and
    Supply p= S(q)=6q+3

    When p represents the price in dollars per pound and q represents the quantity of crabmeat in pounds per day.
    a.) Find the quantity supplied and demanded at each of the following prices: $10, $15, $18.
    b.) Find the equilibrium point.
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  2. #2
    MHF Contributor
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    Re: Supply and Demand

    Hey JP2012.

    Hint: You have values for p so just solve for q with these values.
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