Answer:
Step-by-step explanation:
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Answer:
Equilibrium quantity = 26.92
Equilibrium price is $31.13
Step-by-step explanation:
Given :Demand function : 
Supply function : 
To Find : find the equilibrium quantity and equilibrium price.
Solution:
Demand function :
--A
Supply function :
---B
Now to find the equilibrium quantity and equilibrium price.
Solve A and B
Subtract B from A
So, equilibrium quantity = 26.92
Substitute the value of q in A
So, equilibrium price is $31.13
2.1 ÷ 1.488 = 1.41
1.41 rounded to the nearest tenth is 1.4
so your answer is 1.4
Step-by-step explanation:
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