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The smart phone market can be described by the following supply function: 05 = - 7500 + 0,5 P, while demand can be described by

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The smart phone market can be described by the following supply function: 05 = - 7500 + 0,5 P, while demand can be described by the following: P= 240000 - 4QD. Please calculate equilibrium price and equilibrium quantity. Equilibrium Price Equilibrium Quantity

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