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10.7 the demand function is Q=1000 - (0.5xP). P is the price paid by consumers. Calculate the quantity demanded when there is no insurance. (Put
10.7 the demand function is Q=1000 - (0.5xP). P is the price paid by consumers. Calculate the quantity demanded when there is no insurance. (Put the values in column Du of the table)
P Du Pnet D1 S
$1,000
$960
$920
$880 560 $176 912 952
$840
$800
$760
$720
$680
$640
$600
$560
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