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The following equations represent the demand and supply for bottles of nail polish. QD = 25 - P Q =-15+3P What is the equilibrium price

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The following equations represent the demand and supply for bottles of nail polish. QD = 25 - P Q =-15+3P What is the equilibrium price ( P) and quantity ( Q - in thousands) of bottles of nail polish? O P = $5; Q = 20 thousand O P = $20; Q =5 thousand O P = $10; Q= 15 thousand O P = $ 5, Q = 30 thousand

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