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15-02-2024
Business

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The following relations describe the supply and demand: Qd = 50 - P; Qs = 0.5P-10. Please answer the following question:

What should be done to determine the equilibrium price and equilibrium quantity?

A) Plot the supply and demand curves
B) Calculate the intersection of the supply and demand curves
C) Determine the equilibrium price and quantity
D) All of the above

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