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Calculate the equilibrium quantity and price if the quantity supplied can be represented by the equation Qs = 18 000 + 0.2P and the quantity

Calculate the equilibrium quantity and price if the quantity supplied can be represented by the equation Qs = 18 000 + 0.2P and the quantity demanded can be represented by the equation Qd = 2 400 - 0.1P. [Tip: Solve the value of P first and then substitute this P-value in the calculation of the Q-value.]

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