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suppose the daily demand for pairs of socks is represented by the demand funcion Q, = 50 - 10P while the supply is represented by
suppose the daily demand for pairs of socks is represented by the demand funcion Q, = 50 - 10P while the supply is represented by supply function Qs = 10P - 10, where , is the pairs of socis demanded, ls is the pairs of socks supplied, and P is the price per pair of socks.What will be the equilibrium price per pair and quantity of pairs of socks sold? Show calculation for full credit. (6 percent
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