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what is the market equilibrium price given the two formulas below? P demand = 6 - Q P supply = 1+ 0.25Q The answer is
what is the market equilibrium price given the two formulas below?
P demand = 6 - Q
P supply = 1+ 0.25Q
The answer is P= 1
Please explain because I keep coming up with 1.25P = 6-1P and P = 4
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