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Answer to Question #235431 in Microeconomics for Johdrick
Question #235431
This problem involves solving demand and supply equations together to determine price and quantity. QD = -2P +20 QS = 2P – 4
Expert's answer
"Qd=Qs\\\\-2P+20=2P-4\\\\4P=24\\\\P=6\\\\Q=2(6)-4\\\\=12-4\\\\Q=8"
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