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Business, 11.07.2019 11:00 zaylencollins55

Acertain product has supply and demand functions given by p equals 40 q plus 300p=40q+300 and p equals 5300 minus 60 q commap=5300βˆ’60q, respectively. a. if the price p is $11001100, how many units q are supplied and how many are demanded? b. what price gives market equilibrium, and how many units are demanded and supplied at this price?

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Acertain product has supply and demand functions given by p equals 40 q plus 300p=40q+300 and p equa...
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