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Assume that the demand curve D(p) given below is the market demand for widgets: Q=D(p)=9459pQ=D(p)=945-9p, p > 0 Let the market supply of widgets be

Assume that the demand curve D(p) given below is the market demand for widgets:

Q=D(p)=9459pQ=D(p)=945-9p, p > 0

Let the market supply of widgets be given by:

Q=S(p)=5+10pQ=S(p)=-5+10p, p > 0

where p is the price and Q is the quantity. The functions D(p) and S(p) give the number of widgets demanded and supplied at a given price.

a. What is the equilibrium price?

(Please round your answer to

the nearest hundredth.)

b. What is the equilibrium

quantity?

(Please round your answer to

the nearest integer.)

c. What is the total revenue

at equilibrium?

(Please round your answer to

the nearest integer.)

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