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  The demand function for a commodity is given by the equation p2 + 8q = 1100....

  The demand function for a commodity is given by the equation p2 + 8q = 1100.

           The supply function is given by the equation     400 − p2 + 2q = 0.

  1. Find the equilibrium quantity and equilibrium price.

                   b. Clearly explain what your answer means WITHOUT using the words “supply”, “demand”, or “equilibrium.”

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