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Marcus provides math tutoring lessons to ICON students. The amount of hours he is willing to tutor (supply) (Q) depends on the price he charges (P)...
Marcus provides math tutoring lessons to ICON students. The amount of hours he is willing to tutor (supply) (Q) depends on the price he charges (P) in the following way: Q= 14P+10. The demand for his tutoring services is given by Q=28-3P. Indicate the value of the equilibrium price in this market.
Enter a value with two decimal points. DO NOT use fractions!