Given the supply and demand functions determine the equilibrium price and quantity. P = Q + 20s

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Given the supply and demand functions

P = Q + 20s + 7 P = -Q, + 25

determine the equilibrium price and quantity.

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Mathematics for Economics and Business

ISBN: 978-1292191669

9th edition

Authors: Ian Jacques

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Question Posted: Apr 18, 2019 08:48 AM

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Given the supply and demand functions determine the equilibrium price and quantity. P = Q + 20s

Question:

P = Q + 20s + 7 P = -Q, + 25

Step by Step Answer:

In equilibrium Qs DQ so the supply and demand equa...View the full answer

Mathematics for Economics and Business

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