Supply and demand equations for commodity

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Demand: Consider the following US reduced supply and demand equations for commodity X:

QdX = 400 - 2 Px and QsX = -100 + 3 Px

What are (i) the equilibrium price per unit of product; (ii) Quantity of this product sold at this price; and (iii) what were the revenue for the producer(s)?

Reference no: EM132498107

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