3.3 If all the coal in the ground, Q, is to be consumed in two years and...

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3.3 If all the coal in the ground, Q, is to be consumed in two years and the demand for coal is Qt = A(pt)-ε

in each year t where ε is a constant demand elasticity, what is the price of coal each year?

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Microeconomics

ISBN: 9780133456912

7th Edition

Authors: Jeffrey M. Perloff

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