4,
For a product, the demand curve isp = 100e−0.0089 and the supply curve isp = 4√√g + 10 for 0 ≤ q≤ 500, where q is quantity and p is price in dollars per unit.
Use a graphing calculator to answer the following questions.
(b) Find the equilibrium price and quantity. Does your answer to part (a) support the observation that market forces tend to push prices closer to the equilibrium price?
Round your answers to the nearest integer.
p* =
q* =