A community for students.

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing


  • 4 years ago

can i get some help with this question. We know that the quantity of tuna demanded and supplied is related to the price of tuna. Given that the demand function for tuna is q=(306.25-p)0.5+2.5 and the inverse supply function for tuna is p=76+3q. All quantities are in kilograms and prices in $TT. Determine the quantity of the tuna that will be demanded and supplies when the market is in equilibrium. NB 0.5 is to the power

  • This Question is Closed
  1. TuringTest
    • 4 years ago
    Best Response
    You've already chosen the best response.
    Medals 2

    I'm pretty sure that equilibrium would be when supply equals demand, so solve each equation for either q or p ans set the two equal. That will let you find one variable, which you can then use to find the other.

  2. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...


  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.