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Suppose market demand and market supply are represented by

Suppose market demand and market supply are represented by the following equation ,respectively

Qd = 350-100P

Qs= - 50+ 100P

Calculate equilibrium price & equilibrium quantity and show the result graphically.

Ans:-Equilibrium price=2

Equilibrium Quantity =150

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Business Economics: Suppose market demand and market supply are represented by

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