Math Problem Statement

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Solution

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Math Problem Analysis

Mathematical Concepts

Supply and Demand
Market Equilibrium
Algebra

Formulas

Demand curve: p = 30 - x
Supply curve: p = 5 + 0.25x
Equilibrium: 30 - x = 5 + 0.25x

Theorems

Market Equilibrium

Suitable Grade Level

Grades 10-12