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the demand for cars is given by the function Q=a-bP; and supply is given by the function S=c+P where Qis quantity demanded and s is quantity...
the demand for cars is given by the function Q=a-bP; and supply is given by the function S=c+P where Qis quantity demanded and s is quantity supplied, p = price and a,b and c are constants. solve for the equilibrium price and quantity in the car market as functions of a,b and c.