Question: Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given Supply:p=q^2 + 30q Demand:p=-4q^2 + 10q + 8800
Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given
Supply:p=q^2 + 30q
Demand:p=-4q^2 + 10q + 8800
The equilibrium quantity is q =................( round to the nearest whole number as needed)
The equilibrium price is p= $.....................( round to the nearest dollar as needed)
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