Question: Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given. Supply: p=70q Demand: p= -q 2 +12,000 The

Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given.

Supply: p=70q

Demand: p= -q2 +12,000

The equilibrium quantity is q= _____ at price p= $_____

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