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Suppose that the demand and supply curves for good A are given as (note the instructions above about rounding your answers)
Demand: P = 500 - 2Qd
(Where Qd = quantity of good A demanded, P = price)
Supply: P = 200 + 3Qs
(Where Qs = quantity of good A supplied)
1. The equilibrium price in this market is
2. The equilibrium quantity in this market is Blank 1
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