Question: ( Advanced analysis ) The demand for commodity x is represented by the equation P = 1 0 - 0 . 2 Q and supply

(Advanced analysis) The demand for commodity x is represented by the equation P=10-0.2Q and supply by the equation P=2+0.2Q. If demand changes from P=10-0.2Q to P=7-0.3Q, the new equilibrium price is
Multiple Choice
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 (Advanced analysis) The demand for commodity x is represented by the

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