Question: Assume that the demand curve D ( p ) given below is the market demand for widgets: ` Q = D ( p ) =

Assume that the demand curve D(p) given below is the market demand for widgets:
`Q = D(p)=1026-15p`, p >0
Let the market supply of widgets be given by:
`Q = S(p)=-3+6p`, p >0
where p is the price and Q is the quantity. The functions D(p) and S(p) give the number of widgets demanded and supplied at a given price.
What is the equilibrium price?
Please round your answer to the nearest hundredth.
Answer (1 point)
Saved value: 15.67
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What is the equilibrium quantity?
Please round your answer to the nearest integer.
Answer (1 point)
Saved value: 866
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What is the total revenue at equilibrium?
Please round your answer to the nearest integer.

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