If the demand function for a commodity is given by the equation p 2 16 q 1600 and the supply function is given by the equation 500 p 2 2 q 0, find the equilibrium quantity and equilibrium price (Round your answers to two decimal places ) Equilibrium Price Equilibrium Quantity

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If the demand function for a commodity is given by the equation p 2 + 16 q = 1600 and the supply function is given

If the demand function for a commodity is given by the equation p² + 16q = 1600 and the supply function is given by the equation 500 p² + 2q = 0, find the equilibrium quantity and equilibrium price. (Round your answers to two decimal places.)

Equilibrium Price=

Equilibrium Quantity=

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