Given market demand Qd50 - P, and market supply P = Qs + 5 A). Find th – InterviewSolution

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Given market demand Qd50 - P, and market supply P = Qs + 5 A). Find the marketequilibrium price and quantity? B) What would be the state of the market if marketprice was fixed at Birr 25 per unit? c) Calculate and interpret price elasticity of demandat the equilibrium point.25146220708

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