Your firm is thinking about launching a new product and, after reading the literature, you believe you have arrived at system of equations that can be used to estimate Quantity Demanded, Q(D), and Quantity Supplied, Q(S). You know that, in equilibrium, that Q(D) and Q(S) are equal, that is, there is a price that clears the market. You have determined that Q(D) = 13P - 1,667 Q(S) = 5P + 1,208 What is the market clearing price (P) for the product in question?

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