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Suppose the supply and price for a prescription drug are related by p = .0015 q + 1 where p is the price (in dollars)
Suppose the supply and price for a prescription drug are related by p = .0015q + 1 where p is the price (in dollars) of a 30-day prescription. If the demand is related to price by p = .0025q + 64.36, what is the equilibrium quantity and price?
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