Question: 4) Suppose the demand and price for a specific pair of gloves are related by , p =D(q) = 40 0-25q where P is the

4) Suppose the demand and price for a specific pair of gloves are related by , p =D(q) = 40 0-25q where P is the price in dollars and q is the quantity demanded. Also, suppose the price and supply for the pairs of gloves are related by , where is the price in dollars and is the pzsfq]=3.75q P '1' quantity supplied. Determine the equilibrium quantity

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