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Suppose that the demand and supply for artificial Christmas trees is given by the functions below where p is the price of a tree in
Suppose that the demand and supply for artificial Christmas trees is given by the functions below where is the price of a tree in dollars and is the quantity of trees that are demandedsupplied in hundreds. Find the price that gives the market equilibrium price and the number of trees that will be soldbought at this price.
function
function
Select the correct choice below and, if necessary, fill in the answer boxes to complete your choice.
A The equilibrium price of $ gives a demand that is equal to a supply of hundred trees. Simplify your answer. Type integers or simplified fractions.
B The equilibrium price does not exist.
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