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Supply and Demand Curves: Equilibrium Price and Quantity

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

Solution Summary

This solution provides calculations for equilibrium price and quantity.

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