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July 28, 2014

Homework Help: Supply & Demand

Posted by Steff on Monday, June 6, 2011 at 9:28pm.

42) Given the demand equation 3 + p -40=0 and the supply equation 2x - p + 10=0, where p is the unit price in dollars and x represents the quantity in units of a thousand, determine the equilibrium quantity and the equilibrium price.

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