Mathematics 1 Deneme Sınavı Sorusu #1357131

A company has a new product and they predict their demand function for this product as a; 

and supply function as a;

What is the market price for this product would be?


45

75

135

180

240


Yanıt Açıklaması:

The price of a product at the intersection point, provided that it is in the first quadrant, is called market price. Equate the supply and demand function giving;

x is found as 30. When we put it on the demand or supply equation, we find market price as 135. 

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