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If the perfectly competitive market demand for gym shoes is given by QD = 100 – P and the market supply is given by QS = 10 + 2P, then the equilibrium price and quantity will be: a. P = 50 and Q = 50. b. P = 40 and Q = 90. c. P = 40 and Q = 60. d. P = 30 and Q = 70. e. P = 25 and Q = 75
Sagot :
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