Calculate the equilibrium price for golf clubs

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Suppose the demand function? (D) for golf clubs? is:

Q=180-.5P

where P is the price paid by consumers in dollars per club and Q is the quantity demanded in thousands.

Suppose the supply curve? (S) for golf clubs is estimated to? be:

Q=2.00P

Calculate the equilibrium price for golf clubs and the equilibrium quantity sold.

The equilibrium price is what?

Reference no: EM131870707

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