Consider the market for an agricultural commodity. The direct market demand curve is Q(P) = 660−15P and the direct market supply curve is Q(P) = 15P.    At the market​ equilibrium, what quantity will be sold and for what​ price? a.) Quantity (Qc) : Round your answer to two decimal places b.) Price (Pc) : Round your answer to two decimal places

Microeconomics
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ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter3: Supply And Demand: Theory
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Q. 3a)
Consider the market for an agricultural commodity. The direct market demand curve is
Q(P) = 660−15P and the direct market supply curve is Q(P) = 15P.
 
 At the market​ equilibrium, what quantity will be sold and for what​ price?
a.) Quantity (Qc) : Round your answer to two decimal places
b.) Price (Pc) : Round your answer to two decimal places
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