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Find the equilibrium price and quantity for each of the following pairs of demand and supply functions. a. Q = 14-6P QS =1+7P b. Q
Find the equilibrium price and quantity for each of the following pairs of demand and supply functions. a. Q = 14-6P QS =1+7P b. Q = 1720-50P Q = 1400 + 30P C. Q = 220-0.4P QS = 130 +0.1P d. Q = 4000 -0.4P Q = 2000 + 0.6P e. Q = 12,000 - 200P Q = 200P a. The equilibrium price is $ per unit and the equilibrium quantity is unit ( S )
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