Determine the equilibrium price and quantities

Reference no: EM133575748

Question: With the unit price of 4O the demand quantity is 80.000 units and the supply is 10.000 units of a product. With the unit price of b the demand quantity is 8.000 units and supply is 22.000 units of the product. Assuming that the demand and the supply are the linear functions. determine the equilibrium price and quantities.

Reference no: EM133575748

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