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Suppose the Market for Soda Is Represented by the Following

Question 1

Essay

Suppose the market for soda is represented by the following supply and demand equations:
QS = 35P - 39.75 and QD = 10.25 - 5P, where P is price per bottle and Q measures bottles per second. Suppose the market for soda is represented by the following supply and demand equations: Q<sup>S</sup> = 35P - 39.75 and Q<sup>D</sup> = 10.25 - 5P, where P is price per bottle and Q measures bottles per second.

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