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In a Market the Demand Curve Is Given by P

question 6

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In a market the demand curve is given by P = 120 - 2q and supply by P = q.What is CS in the market equilibrium?


Definitions:

Expression

An expression in mathematics is a combination of numbers, variables, operators, and sometimes parentheses that represents a value.

Solve

The process of finding the value(s) that satisfy an equation, inequality, or system of equations.

Solve

To solve an equation means to find all possible values of the variable that make the equation true.

Expression

A combination of symbols that represent a quantity or formula, which can include numbers, variables, and operation symbols.

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