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Given the following equations:

Demand: Q^d=90-P

Supply: Q^s = 10+15P

Solve for the equilibrium price 'P' and quantity (Q: QD = QS):

P* = $

QD = QS = Q* =   units

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M91811903
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