Question
1.A - Assume the demand and supply equations for a white mushroom truffle (per ounce) is given by: P = 1000 - 5Qd P =
1.A - Assume the demand and supply equations for a white mushroom truffle (per ounce) is given by:
P = 1000 - 5Qd
P = 80 + 3Qs
The equilibrium quantity in the market is:
1. B -Assume the demand and supply equations for a white mushroom truffle (per ounce) is given by:
P = 1000 - 5Qd
P = 80 + 3Qs
The equilibrium price in the market is:
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Microeconomics
Authors: David Laibson, John List
Global Edition 1st Edition
1292079576, 978-1292079578
