Suppose the quantity demanded, q, of a product when the price is p dollars is given by the equation p= 325 -59, and the quantity supplied is given by the equation p=9. Find the equilibrium price and quantity. Equilibrium quantity: Equilibrium price: $ items

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Suppose the quantity demanded, q, of a product when the price is p dollars is given by the equation D = 325 59, and the quantity suppled is given by the equation p = 1 a9 Find the equilibrium price and quantity.
Suppose the quantity demanded, q, of a product when the price is p dollars is given by the equation
325
and the quantity supplied is given by the equation p
59,
P
9. Find the equilibrium price
and quantity.
Equilibrium quantity:
Equilibrium price:
items
Transcribed Image Text:Suppose the quantity demanded, q, of a product when the price is p dollars is given by the equation 325 and the quantity supplied is given by the equation p 59, P 9. Find the equilibrium price and quantity. Equilibrium quantity: Equilibrium price: items
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