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QUESTION

You are given the following information about the industry demand and supply curves for widgets, What is the equilibrium price of widgets?

You are given the following information about the industry demand and supply curves for widgets, What is the equilibrium price of widgets? Qd = 1000 - 10P Qs = 100 + 20P

You are given the following information about the industry demand and supply curves for widgets, what is the equilibrium price of widgets? Qd = 1000 ­ 10P Qs = 100 + 20PSolution:Equilibrium is...
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