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1. Suppose that the demand and supply function for ice cream are Qf = 76-4P, -9Pp and Q; = 5P - 5, respectively. Suppose the
1. Suppose that the demand and supply function for ice cream are Qf = 76-4P, -9Pp and Q; = 5P - 5, respectively. Suppose the demand and supply function for pie Qp =45 -5Pp - 4P, and Qp = 3Pp - 3, respectively. not distri Confidential. Please (a) Are pie and ice cream substitutes or complements? Please do not distribute. (b) Solve for and graph the market-clearing curves for pie and ice cream ial (c) Find the general equilibrium prices and levels of consumption of both goods
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