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For the Pair of Supply and Demand Equations

Question 58

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For the pair of supply and demand equations
For the pair of supply and demand equations ​   and   ​ 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: $ __________ and For the pair of supply and demand equations ​   and   ​ 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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