Solve the problem.Suppose the price p of bolts is related to the quantity q that is demanded by: p = 500 - 5q2where q is measured in hundreds of bolts. Suppose the supply function for bolts is given by p = 5q2, where q is the number of bolts (in hundreds) that are supplied at price p. Find the equilibrium supply.
A. About 636 bolts
B. About 778 bolts
C. About 707 bolts
D. About 7 bolts
Answer: C
Mathematics
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