The demand and supply equations are 2p²+ q²=11 and p+2q=7. Find the equilibrium price and quantity, where p stands for price and q stands for quantity.

The demand and supply equations are 2p²+ q²=11 and p+2q=7. Find the equilibrium price and quantity, where p stands for price and q stands for quantity.

Solution

Are you need Live help? Chat with us for quick help.