Quantities produced-consumed of apples in market equilibrium

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Reference no: EM131242490

Below are equations representing hypothetical supply and demand curves for apples Supply: P = 0.5 + 0.25 Q Demand P = 14.5 – 0.75 Q

a. Calculate the quantities produced and consumed of apples in market equilibrium, as well as the price of apples in market equilibrium.

Reference no: EM131242490

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