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    Supply and Demand Curves: Equilibrium Price and Quantity

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    For the following set of supply and demand curves, calculate equilibrium price and quantity.

    QD = 2000 - 2P; QS = 2P

    a) Q = 1000, P = 250
    b) Q = 500, P = 1000
    c) Q = 1000, P= 400
    Q = 1000, P= 500

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    https://brainmass.com/statistics/descriptive-statistics/supply-and-demand-curves-equilibrium-price-and-quantity-81172

    Solution Summary

    This solution provides calculations for equilibrium price and quantity.

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