Question: If the demand function for a commodity is given by the equation p2+16q=1600 and the supply function is given by the equation 700p2+2q=0, find the
If the demand function for a commodity is given by the equation p2+16q=1600 and the supply function is given by the equation 700p2+2q=0, find the equilibrium quantity and equilibrium price. (Round your answers to two decimal places.) equilibrium quantity equilibrium price [2/2 Points] HARMATHAP12 2.3.029. If the supply and demand functions for a commodity are given by pq=10 and q(2p10)=3600, what is the equilibrium price and what is the corresponding number of units supplied and demanded? equilibrium price number of units units [-/1 Points] HARMATHAP12 2.3.031. The supply function for a product is 2pq30=0, while the demand function for the same product is (p+10)(q+30)=8400. Find the market equilibrium point. (q,p)=()
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