Solved: Find the demand quantity and the supply quantity at a price, Basic Statistics

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Find the demand quantity and the supply quantity at a price

Problem

Suppose the supply and demand for a certain textbook are given by supply p+1/3q^2, demand =-1/3q^2+40, where p is price and q is quantity. Find the demand quantity and the supply quantity at a price of $30 each.

The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.

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Basic Statistics: Find the demand quantity and the supply quantity at a price

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Basic Statistics: Find the demand quantity and the supply quantity at a price

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