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The demand curve and supply curve for one-year discount bonds with a face value of $1,050 are represented by the following equations: Bd: Price =
The demand curve and supply curve for one-year discount bonds with a face value of
$1,050
are represented by the following equations:
Bd: | Price | = | 0.7Quantity+1,120 |
Bs: | Price | = | Quantity+710 |
The expected equilibrium quantity of bonds is____
(Round your response to the nearest whole number.)
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