If the demand function for a commodity is given by the equation p2 + 4q = 1400 and the supply function is given by the equation 700 − p2 + 2q = 0, find the equilibrium quantity and equilibrium price. (Round your answers to two decimal places.)

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Differential Equations

Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differential equations.