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Suppose that the market supply of baseball caps in the local area is given by the following equation: Qs = 277 + 2P where Qs
Suppose that the market supply of baseball caps in the local area is given by the following equation:
Qs = 277 + 2P
where Qs is the quantity baseball caps per monththat sellers in the local area would be willing to provide at a price of P dollars.
What is the quantity supplied at a price of 20 dollars?
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