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Microeconomics Midterm - Part 3 of 3!
SAMPLE
This is a sample practice set. In order to have a more personalized exam prep experience:
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5. Consumer and Producer Surplus; Price Ceilings and Floors / Quantitative Analysis of Price Ceilings and Price Floors: Finding Points / Problem 9
Problem 9

Given the demand equation Qd = 1000 - 5P and the supply equation Qs = 4P - 200, solve for the equilibrium price.