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Suppose the market for the Toyota Yaris in a certain area has the following demand and...

Suppose the market for the Toyota Yaris in a certain area has the following demand and supply curves: QD = 1390 - 30 P and QS = - 450 + 50 P where price is for a single Prius (in thousands of dollars) and quantity is in thousands of cars sold. [3+3=6 marks]

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