=+output in million ounces and P is the domestic price. The demand for the metal in the

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=+output in million ounces and P is the domestic price.

The demand for the metal in the United States is QD = 40 - 2P, where QD is the domestic demand in million ounces.

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Microeconomics

ISBN: 9780134184241

9th Edition

Authors: Robert Pindyck, Daniel Rubinfeld

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