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please explain Use the following information to answer questions 1 1 and 1 2 The demand for economic books is Q = 1000-175P The supply

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Use the following information to answer questions 1 1 and 1 2 The demand for economic books is Q = 1000-175P The supply of economic books is Q, = -500+125P 1 1 What is the equilibrium price of books? 1 2 What is the equilibrium quantity of books

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