The competitive market for Botox procedures is characterized by the following supply and demand curves: QS = −2,000 + 10P and QD = 24,000 −16P where P is the price of the procedure and QS is the quantity supplied and QD is the quantity demanded. a: Solve for the equilibrium quantity and price in the Botox market. b: Neatly graph the market for Botox procedures, showing the vertical intercepts of the supply and demand curves. Show the equilibrium.

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