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Inverse supply and demand functions in the market

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Reference no: EM131902639

The following equations represent the inverse supply and demand functions in the market for Good A:

PC = 80 - ½ QD

PP = 14 + QS

where PC and PP are the prices paid by consumers and received by producers respectively. QD and QS are the quantities demanded and supplied, respectively.

The equilibrium quantity is equal to ____ units.

Reference no: EM131902639

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