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A: Numerical Given the following equations: Qdx = 73-4P Qsx = 3P+8 Required: Find demand and supply tables Find demand and supply curves Find the

A: Numerical

Given the following equations:

  • Qdx = 73-4P

  • Qsx = 3P+8

Required:

  1. Find demand and supply tables

  2. Find demand and supply curves

  3. Find the equilibrium price and quantity mathematically

  4. Draw the equilibrium graphically

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