(SHOW WORKINGS) Suppose the demand for a commodity X is represented by the equation P = 10 - 0.2Q and the supply by the
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(SHOW WORKINGS) Suppose the demand for a commodity X is represented by the equation P = 10 - 0.2Q and the supply by the
(SHOW WORKINGS) Suppose the demand for a commodity X is represented by the equation P = 10 - 0.2Q and the supply by the equation = 2 + 0.2Q. The equilibrium price and quantity would be: O 4 and 30 respectively. O 7 and 30 respectively. O 6 and 20 respectively. O 2 and 10 respectively.
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