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For the Pair of Supply and Demand Equations Where

Question 135

Essay

For the pair of supply and demand equations For the pair of supply and demand equations where x represents the quantity demanded in units of a thousand and p the unit price in dollars, find the equilibrium quantity and the equilibrium price. Equilibrium quantity: __________ thousand units Equilibrium price: $ __________ where x represents the quantity demanded in units of a thousand and p the unit price in dollars, find the equilibrium quantity and the equilibrium price.
Equilibrium quantity: __________ thousand units
Equilibrium price: $ __________

Correct Answer:

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