Question: Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given. Supply: p =70q Demand: p = -q2 +
Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given. Supply: p =70q Demand: p = -q2 + 6,000 The equilibrium quantity is q= ___________ at price P = $______________ Enter your answer in each of the answer boxes
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