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pbjt pbjt
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5 years ago
The following equations represent the demand and supply for kumquats.
QD = 60 - 3P
QS = -20 + 5P

What is the equilibrium price (P) and quantity (Q - in thousands) of kumquats?
A) P = $5; Q = 20 thousand
B) P = $30; Q = 5 thousand
C) P = $20; Q = 10 thousand
D) P = $10; Q = 30 thousand
Textbook 
InMacro

InMacro


Edition: 1st
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mtv123mtv123
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5 years ago
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