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If Demand is represented by the following equation: QD = 40 - 5P. And Supply is given by: QD = 2P +5. What are the
If Demand is represented by the following equation: QD = 40 - 5P. And Supply is given by: QD = 2P +5. What are the equilibrium price and quantity? (Hint: a market is in equilibrium whenever QD = Qs) P* = and Q* =
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