If the supply function for a commodity is p = q² + 7q + 16 and the demand function is p = -3q² +59 + 436, find the equilibrium quantity and equilibrium price.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 43E
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If the supply function for a commodity is p = q² + 7q + 16 and the demand function is p = -3q² + 5q + 436, find the equilibrium quantity and equilibrium price.
equilibrium quantity
equilibrium price
$
Transcribed Image Text:.2 If the supply function for a commodity is p = q² + 7q + 16 and the demand function is p = -3q² + 5q + 436, find the equilibrium quantity and equilibrium price. equilibrium quantity equilibrium price $
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