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The demand for land is givven by the function: Qd = 2,500+ 20; and the supply is given the function: Qs= 1,000,000. Qd= quantity demanded, Qs=...

The demand for land is givven by the function: Qd = 2,500+ 20; and the supply is given the function: Qs= 1,000,000. Qd= quantity demanded, Qs= quantity supplied and P= Price. Solve for the equilibrium price and quantity in this market.

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