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Question 1: You are given the demand curve for pizza is given as Qd=16-2p and the supply curve of Pizza is given as Qs-2+5p. Determine

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Question 1: You are given the demand curve for pizza is given as Qd=16-2p and the supply curve of Pizza is given as Qs-2+5p. Determine the market equilibrium price and quantity and show this on a diagram. Question 2: Consider the market for apple in a small rural town. The demand curve is P=60 -3QD and the supply curve is P = 10 + 2Qs. What is the market equilibrium price and quantity

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