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27 Feb 2018
1) (5 points) The y-axis intercept of the supply curve is 80 and the slope is 8. The equation of the supply curve _ (in terms of P (price) and Qs (quantity supply)). The y-axis intercept of the demand curve is 280 and the slope is-2. The equation of the demand curve is (in terms of P (price) and Qo (quantity demand)). Given the demand and supply equations determine the Equilibrium quantity in the above market.
1) (5 points) The y-axis intercept of the supply curve is 80 and the slope is 8. The equation of the supply curve _ (in terms of P (price) and Qs (quantity supply)). The y-axis intercept of the demand curve is 280 and the slope is-2. The equation of the demand curve is (in terms of P (price) and Qo (quantity demand)). Given the demand and supply equations determine the Equilibrium quantity in the above market.
Beverley SmithLv2
1 Mar 2018