In a perfect competition, the demand curve of a commodity is D=20-3p-p² and the supply curve is S=5p-1, where p is price, D is demand and S is supply. Find the equilibrium price and the quantity exchanged.
In a perfect competition, the demand curve of a commodity is D=20-3p-p² and the supply curve is S=5p-1, where p is price, D is demand and S is supply. Find the equilibrium price and the quantity exchanged.
