The weekly demand and supply functions for Sportsman 5x7 tents are given by p = -0.1x2 - x +40 p = 0.1a? +2x + 20 !! respectively, where p is measured in dollars and x is measured in units. Find the cquilibrium quantity and price. O The equilibrium quantity is 5 units and price is $32.50. O The equilibrium quantity is 500 units and price is $32.50. O The equilibrium quantity is 32.5 units and price is $500. O None of the Above

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter14: Discrete Dynamical Systems
Section14.3: Determining Stability
Problem 1YT
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The weekly demand and supply functions for Sportsman 5x7 tcnts are given by
p= -0.1x2 - x + 40
p = 0.1a? + 2x + 20
respectively, where p is measurcd in dollars and x is mcasured in units.
Find the cquilibrium quantity and price.
O The equilibrium quantily is 5 units and price is $32.50.
O The equilibrium quantity is 500 units and price is $32.50.
O The equilibrium quantity is 32.5 units and price is $500.
O None of the Above
Transcribed Image Text:The weekly demand and supply functions for Sportsman 5x7 tcnts are given by p= -0.1x2 - x + 40 p = 0.1a? + 2x + 20 respectively, where p is measurcd in dollars and x is mcasured in units. Find the cquilibrium quantity and price. O The equilibrium quantily is 5 units and price is $32.50. O The equilibrium quantity is 500 units and price is $32.50. O The equilibrium quantity is 32.5 units and price is $500. O None of the Above
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