Mathematics, 07.03.2020 00:32 cici86

Suppose the price p of bolts is related to the quantity q that is demanded by: p = 620 - 4q2 where q is measured in hundreds of bolts. Suppose the supply function for bolts is given by p = 4q2, where q is the number of bolts (in hundreds) that are supplied at price p. Find the equilibrium price.

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Suppose the price p of bolts is related to the quantity q that is demanded by: p = 620 - 4q2 where q...