Draw the market diagram for given product

Reference no: EM13897547

(Demand and supply model) Consider the following demand and supply functions for a product.

r qS = -5 + 3p,

qD = 9 - 2p2.

Draw the market diagram for this product with price shown on the vertical axis. Find the economically meaningful solution for the equilibrium price and quantity.

Reference no: EM13897547

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