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Consider a market with the following demand and supply given by the following equations: = 20 + 3 = 100 2 On the same graph,

Consider a market with the following demand and supply given by the following equations:

= 20 + 3

= 100 2

On the same graph,

a) Draw the supply and the demand curves (at scale);

b) Identify and find the market equilibrium.

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