If the supply function for a commodity is p = q2 + 5q + 16 and the demand function is p = −8q2 + 8q + 436, find the equilibrium quantity and equilibrium price.
If the supply function for a commodity is p = q2 + 5q + 16 and the demand function is p = −8q2 + 8q + 436, find the equilibrium quantity and equilibrium price.
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