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Question 8 2 pts Suppose that the market supply of car washes in the local area is given by the following equation: Qs = 207
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Answer #1

Qs = 207 + 4P

Put P = 8.

Qs = 207 + 4 (8)

Qs = 207 + 32

Qs = 239

The quantity supplied at a price of 8 dollars is 239.

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