Answer to Question #45003 in Macroeconomics for YOSEF ADAM

Question #45003
The inverse demand and supply function for a commodity are give by: PX=0.25QX+6.25 and,QX=2Px-5,respectively. a.Determine the equilibrium price and quantity. b.Show your result with the help of diagram.
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2014-08-18T09:21:29-0400

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