Problem

Business Suppose the demand and price for the HBO cable channel are related by p = −.5q +...

Business Suppose the demand and price for the HBO cable channel are related by p = −.5q + 30.95, where p is the monthly price in dollars and q is measured in millions of subscribers. If the price and supply are related by p = .3q + 2.15, what are the equilibrium quantity and price?

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