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

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=+million ounces and P is the domestic price. The demand for the metal in the United States is QD 5 40 − 2P, where QD is the domestic demand in million ounces.

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Microeconomics

ISBN: 9781292081977

8th Global Edition

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

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