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Precalculus 14 Online
OpenStudy (anonymous):

suppose that the quantity supplied S and the quantity demanded D of hot dogs at a baseball game are given by the following functions S(p)=-5,000+2000p D(p)=15,000-3,000p Where p is the price of a hot dog in dollars. The equilibrium price of a market is defined as the price at which quantity supplied equals quantity demanded (S=D) what is the equilibrium price, quantity, and the prices for if the quantity demanded is higher than the quantity supplied ?

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