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Retailers will buy 40 items from a wholesaler if the price is $175 and 60 items...

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Basic Math

Retailers will buy 40 items from a wholesaler if the price is$175 and 60 items if the price is $150. The wholesaler is willingto supply 30 items if the price is $140 and 70 items if the priceis $185. Assuming that the resulting supply and demand functionsare linear, find the equilibrium point for the market. *please showall work*

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