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Homework answers / question archive / The demand for a brand of clock radio is given by p + 2q = 320, and the supply for these radios is given by p - 8q = 20, where p is the price and q is the quantity demanded at p
The demand for a brand of clock radio is given by p + 2q = 320, and the supply for these radios is given by p - 8q = 20, where p is the price and q is the quantity demanded at p. Solve the system to find the price at which the quantity demanded equals the quantity supplied and the equilibrium quantity.