krissyboo8869 krissyboo8869
  • 13-03-2024
  • Business
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Equilibrium, Tax and Price Ceiling. (40pts)
Consider the following demand function and supply function in a good market:
qd = 40 āˆ’ 5p
qs = 2p āˆ’ 9
(a) Find the equilibrium price and equilibrium quantity.

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