Find equilibrium price and equilibrium quanity in market, Microeconomics

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Find equilibrium price and equilibrium quanity in market

Suppose the supply of a good is given by the equation Qs=-200+2P and the demand for the good is given by the equestion

QD=1,400-2P, where quanity is measured in billions of units and price is measured in dollers per unit.

The equilibrium quanity in this market is_______________units, and the equilibrium price is_________ per unit.

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Microeconomics: Find equilibrium price and equilibrium quanity in market

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Microeconomics: Find equilibrium price and equilibrium quanity in market

Reference No:- TGS070202

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Recent Questions Asked Microeconomics

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Find equilibrium price and equilibrium quanity in market

Reference No:- TGS070202

Recent Questions Asked Microeconomics

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