The following relations describe the supply and demand for posters. QD = 65,000 - 10,000P QS =

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The following relations describe the supply and demand for posters.
QD = 65,000 - 10,000P
QS = - 35,000 + 15.000P
where Q is the quantity and P is die price of a poster, in dollars.
a. Complete the following table.

b. What is the equilibrium price?

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Managerial Economics

ISBN: 978-0133020267

7th edition

Authors: Paul Keat, Philip K Young, Steve Erfle

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Question Posted: Jun 20, 2016 12:27 AM

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The following relations describe the supply and demand for posters. QD = 65,000 - 10,000P QS =

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Price Surplus or Shortage $6.00 5.00 4.00 2.00 1.00

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a Surplus or Price Q S Q D Shortage 600 55000 50...View the full answer

Managerial Economics

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