Question: Question The demand equation for a good is q ( 3 p + 2 ) = 3 4 and the supply equation is q 2

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The demand equation for a good isq(3p+2)=34 and the supply equation isq2p+8=0 wherep is the price andq is the quantity. Determine the equilibrium price and quantity. Sketch the supply and demand functions forp0.

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