The supply function is Q = 20 + 3p - 20r, and the demand function is Q
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The equilibrium price is that price where demand equals supply 220 2 p 20 3 p 20 r 200 20 r 5 p p ...View the full answer
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Related Book For 
Microeconomics Theory and Applications with Calculus
ISBN: 978-0133019933
3rd edition
Authors: Jeffrey M. Perloff
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