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PLEASE SHOW ALL WORKING: Q3: (10 points) The inverse demand function: P = 20 de 30d, and the supply function: Q5 = 3P are given.

PLEASE SHOW ALL WORKING:

Q3: (10 points) The inverse demand function: P = 20 de 30d, and the supply function: Q5 = 3P are given. Please compute the equilibrium price and quantity. Note that price and quantity are nonnegative numbers

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