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Let demand for good X be given by the functionld=100-5P and supply be given by Q;=5P-40. 4. What are the equilibrium price an

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Bd= 100-5P Qs=5P-40 At equbbrium, ld = Qs 100 -5P = 5 P-40 140= 10 P %3D |L- 14 &= 100-5(14) 30 %3D demand= 28 New g D= 2 C10

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