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Suppose that in the market for apples, demand and supply are given by the following functions:...

Suppose that in the market for apples, demand and supply are given by the following functions: LaTeX: D: Q^{D}=65-5P D : Q D = 65 − 5 P S: Q^{S}=(-8)+5P S : Q S = ( − 8 ) + 5 P 1.) The equilibrium price in the market is $ . 2.) The equilibrium quantity in this market apples. 3.) At P=9.5 P = 9.5 , there is a surplus of apples.

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