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26 Nov 2019
If inverse market demand is given by P = 5-Q and inverse market supply is given by P = 3+Q where P is the market price and Q is the market quantity, what is the total willingness to pay by consumers in this market?
a) 4
b) 3.5
c) 5
d) 1
e) 4.5
If inverse market demand is given by P = 5-Q and inverse market supply is given by P = 3+Q where P is the market price and Q is the market quantity, what is the total willingness to pay by consumers in this market?
| a) 4 | |
| b) 3.5 | |
| c) 5 | |
| d) 1 | |
| e) 4.5 |
6 Oct 2023
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Hubert KochLv2
11 Aug 2019
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