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Mathematik-Online problems: | ||

## Problem 982: Supply and Demand Equilibrium Point |

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z |

Suppose that the supply and demand sets, and , for a particular market are described as follows: consists of the pairs () such that and consists of the pairs () such that , where is the price and is the quantity.

- (a)
- Determine the supply function , the inverse supply function , the demand function , and the inverse demand function .
- (b)
- Determine the equilibrium set .

(Author: Rafee )

**Solution:**

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automatisch erstellt am 9. 11. 2004 |