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Safer to stay in Protected View. Enable Editing [20 %] Suppose the demand for a product can be modelled as a relationship between price P
Safer to stay in Protected View. Enable Editing [20 %] Suppose the demand for a product can be modelled as a relationship between price P and quantity demanded Q: P = 15 - 20. The supply function of the product is given as P = 206Q+9. Find the market equilibrium price and quantity of the product using both algebraic and graphical methods. Only consider non-negative values for Q.
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