What is the equilibrium quantity
Problem
Analyze the following demand and supply equations to answer the questions.
Demand Equation: Qd = 80 - 2PSupply Equation: Qs = 18 + 4P
What is the equilibrium price? What is the equilibrium quantity?
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Analyze the following demand and supply equations to answer the questions. What is the equilibrium price? What is the equilibrium quantity?
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