QUESTION

The demand and supply functions for pans are

q=710−5,5p and p=3,5q+57,5,

respectively, with the price in rand and q the quantity in boxes. Find the point(s) where the demand and supply function intersect.

a. (p;q)=(126;14,556)

b. (p;q)=(14,556;126)

c. (p;q)=(126;126)

d. (p;q)=(14,556;14,556)

Public Answer

OFVW9U The First Answerer