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Equilibrium quantity and show the result graphically

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Reference no: EM131714043

Suppose market demand and market supply are represented by the following equation ,respectively

Qd = 350-100P

Qs= - 50+ 100P

Calculate equilibrium price & equilibrium quantity and show the result graphically.

Ans:-Equilibrium price=2

Equilibrium Quantity =150

Reference no: EM131714043

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