
Find the values of the variables for which each statement is true, if possible.
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Key Concepts
Matrix Equality
Solving Systems of Equations
Substitution and Simplification
Given , and , find each product, if possible. See Examples 5–7. BC
Solve each problem. The supply and demand equations for a certain commodity are given. supply: p = 2000/(2000 - q) and demand: p = (7000 - 3q)/2q.
Find the equilibrium price (in dollars).
Solve each problem. The supply and demand equations for a certain commodity are given. supply: p = √(0.1q + 9) - 2 and demand: p = √(25 - 0.1q).
Find the equilibrium demand.
Solve each problem. The supply and demand equations for a certain commodity are given. supply: p = 2000/(2000 - q) and demand: p = (7000 - 3q)/2q.
Find the equilibrium demand.
Solve each problem. The supply and demand equations for a certain commodity are given. supply: p = √(0.1q + 9) - 2 and demand: p = √(25 - 0.1q).
Find the equilibrium price (in dollars).
