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1.There are 10,000 identical individuals in the market for commodity X, each with a demand function given by Qdx = 12 - 2Px ,and 1000

1.There are 10,000 identical individuals in the market for commodity "X", each with a demand function given by

Qdx = 12 - 2Px ,and 1000 identical producers of commodity "X", each with a function given byQsx = 20Px

A)Find the market demand function and the market supply function for commodity "X".

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