Problem

Market Analysis The supply function and the demand function for a product are linear and a...

Market Analysis The supply function and the demand function for a product are linear and are determined by the table that follows. Create the supply and demand functions and find the price that gives market equilibrium.

Supply Price

Function Quantity

Demand Price

Function Quantity

200

400

400

400

400

800

200

800

600

1200

0

1200

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