A market has a supply curve and a demand curve

MATHEMATICS · Single correct · CBSE · Mathematics · Pair of Linear Equations in Two Variables · Pair of Linear Equations in Two Variables

Problem

A market has a supply curve

p = 4q + 20

and a demand curve

p = 100 - 6q

, where

p

is price (in ₹) and

q

is quantity (in units). At the equilibrium point of intersection of the two curves, what is the total revenue

pq

? (a) ₹400 (b) ₹432 (c) ₹416 (d) ₹448