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A market consists of three people, A, B, and C, whose individual demand equations are as follows: A. P = 35 - 0.50QA B. P

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A market consists of three people, A, B, and C, whose individual demand equations are as follows: A. P = 35 - 0.50QA B. P = 50 - 0.25QB C. P = 40 - 2. 00Qc The industry supply equation is given by Qs = 40 + 3.5P a) Determine the equilibrium price and quantity. b) Determine the amount that will be purchased by each individual

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