the supply and demand functions for a commodity are given by  4p − q = 54and (p + 2)q = 1,400, respectively, find the price and quantity that will result in market equilibrium. equilibrium price = $? equilibrium quantity =

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter6: Systems Of Equations And Inequalities
Section6.2: Two-variable Linear Systems
Problem 9ECP
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If the supply and demand functions for a commodity are given by 
4p − q = 54and (p + 2)q = 1,400, respectively, find the price and quantity that will result in market equilibrium.
equilibrium price = $?
equilibrium quantity = ?
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