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The demand for show tickets is described by the equation Qp = 110 - p, and supply is Qs = 10 + p. The equilibrium

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The demand for show tickets is described by the equation Qp = 110 - p, and supply is Qs = 10 + p. The equilibrium price of show tickets is and the equilibrium quantity of show tickets is If actor salaries increased and supply shifted to Qs = 5 + p, then the equilibrium price would increase to and the equilibrium quantity would increase to

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