Math Problem Statement
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Solution
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Math Problem Analysis
Mathematical Concepts
Algebra
Linear Functions
Equilibrium
Formulas
Equilibrium: Qd = Qs
Demand function: Qd = 230 - 4P
Supply function: Qs = -50 + 3P
Theorems
Equilibrium in Supply and Demand
Suitable Grade Level
Grades 10-12
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