question archive Consider demand of the form QD=2P+16 and a supply curve of the form QS=P−5

Consider demand of the form QD=2P+16 and a supply curve of the form QS=P−5

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Consider demand of the form QD=2P+16 and a supply curve of the form QS=P−5. Plot these curves and be sure to put PP on the vertical axis and QQ on the horizontal axis. Find the equilibrium price and quantity.

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