For the demand function Qd = a - bP and the supply fuction Qs = dP - c, using Cramer's rule determine the equilbrium price and equilibrium quantity.

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Q: Suppose that the demand and supply functions of pineapples are given by  Qd = 2000 - 400P Qs = 1600...

A: Below is the given values: Qd = 2000 - 400P Qs = 1600P

Q: Explain the difference between equity and efficiency

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