Math Problem Statement
Solution
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Math Problem Analysis
Mathematical Concepts
Algebra
Quadratic Equations
Market Equilibrium
Formulas
Demand function: P_d = 50 - 5Q
Supply function: P_s = Q^2 + Q + 10
Equilibrium condition: P_d = P_s
Theorems
Quadratic equation solving
Suitable Grade Level
High School Economics or College-level
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