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2. The demand and supply functions for jeans are P=50-3Q P=14+1.5Q a. Find equilibrium price and quantity algebraically b. Graph these two functions, label axes,

2. The demand and supply functions for jeans are

P=50-3Q

P=14+1.5Q

a. Find equilibrium price and quantity algebraically

b. Graph these two functions, label axes, curves and equilibrium points on the graph.Show all work. (note: you may need to invert these functions first when p is on the left-had side)

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