Suppose the demand function for a commodity is given by the

Last updated: 8/1/2022

Suppose the demand function for a commodity is given by the equation p² + 16q =1,800 and the supply function is given by the equation 900-p² + 4q = 0. Solve the supply equation for p². p²=__________ Substitute this value for p² in the demand equation and solve for q. q=__________ Find the equilibrium quantity. __________ Find the equilibrium price. (Round your answer to two decimal places) $____________