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Suppose that the supplies of products a and b are given by

Question - Suppose that the supplies of products A and B are given by: Q_A = 20 +2P_A, and Q_B = -50 + P_B, and that the demands for A and B are given by the following equations (in inverse demand form): P_A = 2,000 - 0.5Q_A + 4P_B and P_B = 500 - 2Q_B + P_A. What are the equilibrium prices and quantities of A and B? Show your work.

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Microeconomics: Suppose that the supplies of products a and b are given by

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Microeconomics: Suppose that the supplies of products a and b are given by

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