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Economics

Lawn mowing services are supplied by a host of individuals in the suburb of Westbrook. Demand and supply conditions in the perfectly competitive domestic for lawn mowing services are: P = $75 - 1.75QD Demand P = $2QS Supply where P is price per lawn mowed and Q is quantity of lawns mowed per day.

Algebraically determine the equilibrium industry price/output combination.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9165815

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