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Answer within 10min please 28. The demand and supply curves for hotdogs in Sacramento are given by the 5 points following two equations QD= 8,000
Answer within 10min please
28. The demand and supply curves for hotdogs in Sacramento are given by the 5 points following two equations QD= 8,000 - 800P QS= 2,000 + 200P Where QD represents quantity demanded, QS represents quantity supplied and P represents price. If instead one of the stores selling hotdogs goes out of business, QS= 1,200 + 200P will be the new supply equation. What is the new equilibrium price and quantity? O Pe: 2500, Qe: 6.50 O Pe: 2,650 Qe: 6.80 O Pe: 2,560 Qe: 6.80 Pe: 2,056 Qe: 6.80 None of the aboveStep by Step Solution
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