Question

Find the equlibrium quantity and equilibrium price for the commodity whose supply and demand functions are

given.

Supply: p= q^2+20q Demand: p= -4q^2+10q+8400

I know the quantity equals 40, but don’t know how to obtain the price.

Please provide as much detail as possible.

Question Find the equlibrium quantity and equilibrium price for the commodity whose supply and demand functions are given. Supply: p= q^2+20q Demand: p= -4q^2+10q+8400 I know the quantity equals 40, but don’t know how to obtain the price. Please provide as much detail as possible.