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Suppose the demand for football tickets at a local college is QD=50,000500P and the supply of tickets is QS=40,000. The market equilibrium price is $?
Suppose the demand for football tickets at a local college is
QD=50,000500P
and the supply of tickets is
QS=40,000.
The market equilibrium price is $?
and the equilibrium quantity is how many tickets.
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