Concept explainers
Supply and Demand Let the supply and demand functions for butter pecan ice cream be given by
where p is the price in dollars and q is the number of 10-galIon tubs.
(a) Graph these on the same axes.
(b) Find the equilibrium quantity and the equilibrium price.
(Hint: The way to divide by a fraction is to multiply by its reciprocal.)
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Finite Mathematics (11th Edition)
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