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The following relations describe the supply and demand for posters.
Qd = 65,000 - 10,000 PQs = -35,000 + 15,000P
Where Q is the quantity and P is the price of a poster, in dollars.
a. Complete the following table.
Price Qs Qd Surplus or Shortage$6.005.004.003.002.001.00
b. What is the equilibrium price?
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