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Answer to Question #338224 in Microeconomics for Hougs
Question #338224
QD=100 000-5p
QD=-25000+20p
What is the price
What is the quantity demanded
What is the quantity supplies
Expert's answer
"Q_d=100000-5p,"
"Q_s=-25000+20p,"
"Q_d=Q_s,"
"100000-5p=-25000+20p,"
"p=5000,"
"Q_d=Q_s=75000."
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