The problem asks us to find the market equilibrium point $(q, p)$ given the demand and supply functions: Demand: $2p = -q + 81$ Supply: $3p - q = 69$
2025/5/19
1. Problem Description
The problem asks us to find the market equilibrium point given the demand and supply functions:
Demand:
Supply:
2. Solution Steps
We have a system of two equations with two variables and .
From the first equation, we can express in terms of :
Now we substitute this expression for into the second equation:
Now that we have the value of , we can substitute it back into the equation to find :
Therefore, the equilibrium point is .
3. Final Answer
(21, 30)