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Suppose that we have the following demand and supply functions. Q X = 100 - 0.4P X Q X = 40 + 0.2P X What
Suppose that we have the following demand and supply functions.
QX= 100 - 0.4PX
QX= 40 + 0.2PX
What is the equilibrium market price for product X?
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
