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Suppose that demand and supply of apples are described by the following equations: P = 100 - 3Q(demand) P = 20 + Q(supply) Draw both

Suppose that demand and supply of apples are described by the following equations:

P = 100 - 3Q(demand)

P = 20 + Q(supply)

Draw both of these curves (or use a spreadsheet if you want).What is the equilibrium price of apples in this market?How many apples will be sold?

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