What is the equilibrium price in market

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Reference no: EM133130225

Chrissie's demand for chachkies (a private good) can be expressed as P = 400 - 20 Q. John's demand for chachkies can be expressed as P = 100 - 5Q.

The supply curve for chachkies is given by Q = -10 + 1.75 P. What is the equilibrium price in this market?

Reference no: EM133130225

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