Solved: What is unusual about the given market, Microeconomics

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What is unusual about the given market

Problem

Suppose Q_D = 200 - 4P and Q_S = 100 describe market demand and market supply in a given market.

a. Algebraically find equilibrium price and quantity, and support your answer graphically.

b. What is unusual about this market? Give an example of a good or service that might be characterized in this way.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What is unusual about the given market

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