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If the supply function for a commodity is p=q^2+5q+16 and the demand function is p=-2q^2+6q+436, find the equilibrium quantity and equilibrium price
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If the supply function for a commodity is p=q^2+5q+16 and the demand function is p=-2q^2+6q+436, find the equilibrium quantity and equilibrium price

User Frank Underwood
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the intersection is (12,220) so the quantity is 12 and the price is 220
User Valentin Kuhn
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