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What is the equilibrium number of games played

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The city of Chambana has a large number of video poker arcades. The demand by patrons for the games (in thousands per week) is Qd = 300 - 3P and the supply is Qs = 3P where P is the price in cents charged to play a game.

What is the equilibrium number (quantity) of games played?

What is the equilibrium price?

Draw a diagram depicting the equilibrium in this market

Reference no: EM132669274

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