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I am unable to solve part b) of the below question. The answer to question a) is 200 as the price and 700 as the

I am unable to solve part b) of the below question. The answer to question a) is 200 as the price and 700 as the quantity.

b.Given the supply and demand equations below, calculate the equilibrium price and quantity of this product.

Qd = 1,700 - 5P

Qs = 300 + 2P

c.What are the new quantities demanded and supplied if the price of this product increases by 10%? Is there a surplus or shortage? How much? Show your calculations.

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