Demand and supply conditions

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Reference no: EM13997341

Consider a market characterized by the following demand and supply conditions: Px=100-5Qx and Px=20+3Qx. The equilibrium price and quantity are, respectively:

A: $50 and 10 units

B: $10 and 50 units

C: $25 and 5 units

D: $5 and 25 units

Reference no: EM13997341

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