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    Demand and supply of wheat are:
    Qd=2000-1000p and Qs = -500 + 1000p

    Where Q is millions of bushels and P is price per bushel.

    How do you figure out the equilibrium price and demand. I cannot find a good explanation of the formula to use.

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    Market Equilibrium is the state in which the demand for a good or service is equal to ...

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