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Answer to Question #320258 in Microeconomics for mosa
Question #320258
Qd = 600 -30P
Qs = -300 + 120P
What is the equilibrium price
Expert's answer
"Q_d=Q_s,"
"600-30P=-300+120P,"
"900=150P,"
"P=6,"
"Q_d=Q_s=420."
Learn more about our help with Assignments: Microeconomics
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