Problem

Business Suppose the supply and price for prescription-strength Tylenol are related by p =...

Business Suppose the supply and price for prescription-strength Tylenol are related by p = .0015q + 1, where p is the price (in dollars) of a 30-day prescription. If the demand is related to price by p = −.0025q + 64.36, what are the equilibrium quantity and price?

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