Question: 1. Equilibrium point (5 points) Find the equilibrium point for these demand and supply function: Demand: p = (q - 8)2 ,0 = q= 8

1. Equilibrium point (5 points) Find the equilibrium point for these

1. Equilibrium point (5 points) Find the equilibrium point for these demand and supply function: Demand: p = (q - 8)2 ,0 = q= 8 Supply : p = q- + q+13 Given that q is the quantity demanded or supplied in thousands, and p is the unit price, in dollars

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