Question: Can you please help me solve this step-by step (15 points) The supply and demand functions for a product are given below. Find the equilibrium

Can you please help me solve this step-by step

(15 points) The supply and demand functions for a product are given below. Find the equilibrium quantity and price. Show work and round quantity to the nearest item and price to the nearest dollar.

Supply: p = q + 7

Demand: p = 1000 q

(Note: Do we have to round the answers up or down. Please specify)

Thank you in advance

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