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When P = $65, the quantity demanded of a good is 80 units, and the quantity supplied of the good is ...

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When P = $65, the quantity demanded of a good is 80 units, and the quantity supplied of the good is ...

When P = $65, the quantity demanded of a good is 80 units, and the quantity supplied of the good is 40 units. For every $10 increase in the price of this good, quantity demanded falls by 10 units and quantity supplied rises by 10 units. The equilibrium price of this good is ___________and the equilibrium quantity of this good is _________ units.

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$55; 30

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$75; 50

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$75; 70

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$85; 50

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$85; 60

Textbook

Economics

Edition: 12^th

Author: Arnold

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fruits Author

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this is exactly what I needed

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Helped a lot

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