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5. [0.88/2 Points) DETAILS PREVIOUS ANSWERS This is Section 1.3 Problem 20(d)(e): The demand and supply curves of a certain brand of running shoes are

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5. [0.88/2 Points) DETAILS PREVIOUS ANSWERS This is Section 1.3 Problem 20(d)(e): The demand and supply curves of a certain brand of running shoes are given by x=D(0)-2800-25p and X-S(O)-150-800 where p is the price in dollars and is the quantity (d) The price would have to be dollars per pall for the consumers to buy at least 200 pairs of the running shoes. (e) The price would have to be dollars per pair for the manufacturers to supply at least 250 pairs of the running shoes. (f) The equilibrium price is dollars per pair and the equilibrium quantity is pairs of the running shoes. Hint: Follow Example 7

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