For DX=400-250Px and Sx=-200+500Px. Find the equilibrium price and quantity demanded and graph it.
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Px = 0.8
Qx = 200
400-250P=500P-200
400+200 = 500P + 250P
600 = 750P
P = 0.8
Dx = 400 - 250(0.8)
Dx = 200
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