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1.Suppose specific demand and supply equations are D t = -0.8P t + 86 S t = 0.2P t-1 - 10 Required: Determine equilibrium price
1.Suppose specific demand and supply equations are
Dt = -0.8Pt + 86
St = 0.2P t-1- 10
Required: Determine equilibrium price and quantity. Is the equilibrium stable? Why or why not?
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The Americans An Economic Record An Economic Record
Authors: Stanley Lebergott
1st Edition
0393953114, 9780393953114
