For each of the following sets of supply and demand curves, calculate equilibrium price and quantity. a.

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For each of the following sets of supply and demand curves, calculate equilibrium price and quantity.

a. QD = 2000-2P; QS = 2P

b. QD = 500 – P; QS = 50 + P

c. QD = 5000 – 10P; QS = – 1000 + 5P

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Microeconomics A Contemporary Introduction

ISBN: 978-1111415921

9th edition

Authors: William A. McEachern

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Question Posted: May 23, 2013 05:33 AM

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For each of the following sets of supply and demand curves, calculate equilibrium price and quantity. a.

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a QD 2000 2P QS 2P For equilibrium QDQS 20002P2P Solv...View the full answer

Microeconomics A Contemporary Introduction

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