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8 May 2018
The demand equation for a product is given by (p+10%(q +20) = 1000 (in dollars), and the supply equation is 4-4p+10 = 0 (in dollars). a) Verify, by substitution, that market equilibrium occurs when p = 10 and q = 30
The demand equation for a product is given by (p+10%(q +20) = 1000 (in dollars), and the supply equation is 4-4p+10 = 0 (in dollars). a) Verify, by substitution, that market equilibrium occurs when p = 10 and q = 30
papayaprofessorLv10
12 Oct 2022
Jean KeelingLv2
11 May 2018
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