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Determine the equilibrium solution from the graph

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Graph the following demand and supply functions. Determine the equilibrium solution from the graph. Solve the equation to verify your answers.

(a) Qd = 200 - 2 P , Qs = -40 + 4 P

(b) Qd = 3000 - 20 P , Qs = -500 + 30 P

Reference no: EM13878061

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