Question: Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given. Supply: p =55q Demand: p= =q + 8,750

Find the equilibrium quantity and equilibrium price for the commodity whose

Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given. Supply: p =55q Demand: p= =q + 8,750 The equilibrium quantity is q at price p=

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