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Suppose the price p of bolts is related to the quantity q that is demanded by: p=540-4q 2 where q is measured in hundreds of

Suppose the price p of bolts is related to the quantity q that is demanded by:

p=540-4q²

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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