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Supply and Demand: Quantitative Analysis
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Supply and Demand: Quantitative Analysis
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3. Supply and Demand / Supply and Demand: Quantitative Analysis / Problem 4
Problem 4
Given the demand equation P = 700 - 5Q and the supply equation P = 200 + 2Q, find the equilibrium quantity.
A
100
B
Approximately 71.43
C
35
D
50
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