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1.The 2021 demand and supply equations for Canadian ginseng are as follows: P = $100 - Q d Can (1) P = $10 + Q
1.The 2021 demand and supply equations for Canadian ginseng are as follows:
P = $100 - QdCan(1)
P = $10 + QsCan(2)
As a result of Prime Minister Trudeau's successful trade mission to Pottsville, Pottsville has agreed to buy Canadian ginseng in 2022. Their demand is given as follows:
P = 80-2QsPotts(10)
What are the economic effects of this successful trade mission?
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