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1.A demand is given by the equation QD=100 - 40P, where QD is quantity demanded, and P is the price of the good. Supply is

1.A demand is given by the equation QD=100 - 40P, where QD is quantity demanded, and P is the price of the good. Supply is described by the equation QS= 10 + 5P where QS is quantity supplied. What is the equilibrium price and quantity?

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