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Suppose demand is given by Q D = 400 - 15P + I, where Q D is quantity demanded, P is price and I is

Suppose demand is given by Q_D = 400 - 15P + I, where Q_D is quantity demanded, P is price and I is income. Supply is given by Q_S= 5P, where Q_S is quantity supplied.What is the equilibrium price when I = 200?Please round and write the answer to one cent, for example $2.43 or $0.56.Use a minus sign to indicate if the number is negative.

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University Physics with Modern Physics

Authors: Hugh D. Young, Roger A. Freedman

14th edition

978-0133977981

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