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Economics

The quantity of beef demanded and supplied is related to the price of beef. Given that the demand function for beef is q = √306.25 − p + 2.5 and that the inverse supply function for beef is p = 76 + 3q, where q is the number of kilograms of beef demanded and supplied and p is the price per kilogram, in $EC. a. what will the equilibrium price be?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91421618

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