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1.The demand in market 2 is: QD2= 18 - P2; The supply in market 2 is: QS2= 2 + P2 oCalculate the equilibrium price in

1.The demand in market 2 is: QD2= 18 - P2; The supply in market 2 is: QS2= 2 + P2

oCalculate the equilibrium price in market 2

oCalculate the equilibrium quantity in market 2.

oWhat is the total revenue of suppliers at this equilibrium?

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