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25 Jun 2018
1) The market for matsutake mushrooms is characterized by the following demand and supply equations: QD = 100 â P and QS = â50 + 2P, where Q is measured in pounds and P is measured in price per pound. If a new fertilizer increases the quantity supplied by 30 pounds at every price, the equilibrium price changes from _____ to _____. A) $50; $70 B) $100; $30 C) $150; $110 D) $50; $40
1) The market for matsutake mushrooms is characterized by the following demand and supply equations: QD = 100 â P and QS = â50 + 2P, where Q is measured in pounds and P is measured in price per pound. If a new fertilizer increases the quantity supplied by 30 pounds at every price, the equilibrium price changes from _____ to _____. A) $50; $70 B) $100; $30 C) $150; $110 D) $50; $40
Irving HeathcoteLv2
26 Jun 2018
