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Not sure how to solve for P ADVANCED ANALYSIS Assume that demand for a commodity is represented by the equation P = 80 - 2Qd-

Not sure how to solve for P

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ADVANCED ANALYSIS Assume that demand for a commodity is represented by the equation P = 80 - 2Qd- Supply is represented by the equation P = -20 + 2Q., where Qo and Qs are quantity demanded and quantity supplied, respectively, and Pis price. Instructions: Round your answer for price to 2 decimal places and enter your answer for quantity as a whole number. Using the equilibrium condition Qs= Qo solve the equations to determine equilibrium price and equilibrium quantity Equilibrium price = $ 25 Ex Equilibrium quantity = 25 units

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