Question: Given the supply and demand functions p = Qs2 + 14Qs + 22 P--Qd 2 IOQd+ 150 Explain how to determine equilibrium price and quantity

Given the supply and demand functions

p = Qs2 + 14Qs + 22 P--Qd2 IOQd+ 150

Explain how to determine equilibrium price and quantity (Hint: In equilibrium, Q.Qd) and comment on your answer.

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