Solve the problem.Suppose the price p of bolts is related to the quantity q that is demanded by: p = 620 - 4q2where q is measured in hundreds of bolts. Suppose the supply function for bolts is given by p = 4q2, where q is the number of bolts (in hundreds) that are supplied at price p. Find the equilibrium price.
A. $620
B. $325
C. $310
D. $9
Answer: C
Mathematics
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Mathematics