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Business, 07.10.2020 19:01 coryowens44

1. Consider the market for compact discs. Suppose the following are the demand and supply functions for compact discs.
Qa= 150 - 5P
Qs = 17 + 2P
a. Calculate the equilibrium price and equilibrium quantity.
b. What would happen if compact disc sellers priced compact discs at $20.00 per CD?

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