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**Unformatted text preview: **quantity for the corresponding market. EXERCISE: If the supply and demand curves for a market are given by P = 4 + 4Q s and P = 16 - 2Q d respectively, find the equilibrium price and quantity for this market. HOW TO PROCEED: 1. Try to find the solution of the above exercise. 2. If you cannot find it easily, then read carefully the whole Appendix provided in the textbook (Frank, Robert H. and Ben S. Bernanke (2006): Principles of Microeconomics , 3rd edition, McGraw-Hill), pages 91-93. 3. Practice by doing exercises. 4. If you need further assistance and help in understanding this Appendix, please feel free to ask....

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