What is the equilibrium price and quantity

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Reference no: EM131196074

The demand curve is Q_d = 50 - 8P; The supply curve is Q_s = -17.5 + 10P

What is the equilibrium price and quantity?

What is the market outcome if the price $2.75? What do you expect to happen? Why?

What is the market outcome if the price is $4.25? What do you expect to happen? Why?

Reference no: EM131196074

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