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OpenStudy (anonymous):
The demand equation for the Drake GPS Navigator is x + 4p – 800 = 0, where x is the quantity demanded per week and p is the wholesale unit price in dollars. The supply equation is x – 20p +1000 = 0, where x is the quantity the supplier will make available in the market when the wholesale price is p dollars each. Find the equilibrium quantity for the GPS Navigators. need the answer please for a test
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