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i need to solve this The demand and supply functions of an agricultural product (call it 'good X') are given by: Q d = 60
i need to solve this
The demand and supply functions of an agricultural product (call it 'good X') are given by:
Qd = 60 3P
Qs = 2P 10,
Find the equilibrium price and quantity good X. Using a demand and supply diagram, show how you will represent the above information. In your answer, clearly label your axes, prices and quantities and the equilibrium price
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