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1. Demand and supply in a market are described by the equations Q= 1800 + 240P Q=3550-266P a) Solve algebraically to find equilibrium P
1. Demand and supply in a market are described by the equations Q= 1800 + 240P Q=3550-266P a) Solve algebraically to find equilibrium P and Q b) Draw the demand and supply curve and show equilibrium
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