7. If the supply function for a commodity is p = q2 + 18q + 81 and the demand function is p = –15q2 + 128q + 581, find the equilibrium quantity and equilibrium price.(q, p) = q= p= 8. If the demand function for a commodity is given by the equation p2 + 16q = 1600 and the supply function is given by the equation 900 ? p2 + 10q = 0, find the equilibrium quantity and equilibrium price. (Round your answers to two decimal places.)(q, p) = q= p=
This question was answered on: May 23, 2022
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