Solve for the equilibrium price ''p''

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Reference no: EM131086531

Equilibrium in the market-place means that quantity supplied 'Qs' equals quantity demanded 'Qd'.

Given the following equations:

Qs = 1,050

and

Qd = 2000 - 2.5P

Solve for the equilibrium price 'P':

Reference no: EM131086531

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