Question: Q = D (p) = 3031 - 23p Let the market supply of widgets be given by Q = S (p) = -5 + 10p

Q = D (p) = 3031 - 23p

Let the market supply of widgets be given by

Q = S (p) = -5 + 10p

what is the equilibrium price

what is the equilibrium quantity

what is the price elasticity of demand

what is the price elasticity of supply

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