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Q: (c) The demand for watches is given by p = 7000 − 2q dollars, and the supply of watches is given by…
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Q: Find the equilibrium point for the demand and supply functions D(p)= 108 – 11p and S(p)= 70+8p.
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Q: Find the equilibrium point for the following supply and demand functions. Demand: p = 480 - 3q…
A: Given, Demand: p = 480 - 3q Supply: p = 17q + 80 Equating: 480 - 3q = 17q + 80 17q+3q = 480 - 80 20q…
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