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Suppose market demand and supply are given by Qd = 100 − 2P and Qs = 5 + 3P. The equilibrium quantity is:

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter8: Understanding Markets And Industry Changes

Section: Chapter Questions

Problem 8.4IP

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Suppose market demand and supply are given by Q^d = 100 − 2P and Q^s = 5 + 3P. The equilibrium quantity is:

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