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. Coba is a small, closed economy. Cobas domestic demand curve and domestic supply curve for coconuts is given by the following equations where Q

. Coba is a small, closed economy. Cobas domestic demand curve and domestic supply curve for coconuts is given by the following equations where Q is units of coconuts and P is the price per unit of coconuts:

Domestic Demand: P = 100 (1/20)Q

Domestic Supply: P = (1/60)Q

a. Given the above information, what is the equilibrium price and quantity in the market for coconuts?

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