Essay
For the pair of supply-and-demand equations, where x represents the quantity demanded in units of 1,000 and p is the unit price in dollars, find the equilibrium quantity and the equilibrium price.
2x + 2p - 56 = 0 and 5x - 4p + 40 = 0
equilibrium quantity __________ units
equilibrium price $ __________
Correct Answer:

Verified
Correct Answer:
Verified
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