Question: If the demand function is Q=14030p and the supply function is Q=40+20p, what are the equilibrium price and quantity? The equilibrium price is per unit.

If the demand function is Q=14030p and the supply function is Q=40+20p, what are the equilibrium price and quantity? The equilibrium price is per unit. (Enter your response rounded to two decimal places.) The equilibrium quantity is units. (Enter your respense rounded to one decimal place.)

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