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Suppose that the market demand for cell phone service is given by the following equation: Qd = 208 - 3P where Qd is the quantity
Suppose that the market demand for cell phone service is given by the following equation:
Qd = 208 - 3P
where Qd is the quantity of lines per month that people in the local area would be willing to purchase at a monthly price of P dollars.
What is the quantity demanded at a price of 38 dollars per month?
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