The Gifts Galore Catalog Company estimates the demand equation for its portable video recorder/player to be p = −10x + 787, where x is the demand quantity (in thousands) and p is the price (in dollars). The supply equation is estimated to be p = 14.5x + 493, where x is the supply quantity (in thousands) and p is the price (in dollars). Find the equilibrium quantity and price. Equilibrium occurs when the price (in dollars) of the video recorder/player and the quantity (in thousands) are the following. (For each answer, enter an exact number.)

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