[Steps Shown] Supply and Demand : Let the supply and demand functions for sugar be given by p=S(q)=1.4 q-0.6 and p=D(q)=-2 q+3.2 where p is the price per pound
Question: Supply and Demand : Let the supply and demand functions for sugar be given by
\(p=S(q)=1.4 q-0.6\) and
\(p=D(q)=-2 q+3.2\)
where p is the price per pound and q is the quantity in thousands of pounds.
Find the equilibrium quantity and the equilibrium price.
Deliverable: Word Document 
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