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The market demand function for ice cream cones is Qd = 19.5 - 5P.
The market supply function for ice cream cones is
QS = 10P - 17
a. What is the equilibrium price in the market for ice cream cones?
Instructions: Round your answer to 2 decimal places.
$.
b. What is the equilibrium quantity in the market for ice cream cones?
Instructions: Round your answer to the nearest whole number.
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