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2. Welfare (18) a. Consider the market for allergy medicine. The demand for allergy medicine is represented by the function Q=1000-20P and the supply is
2. Welfare (18) a. Consider the market for allergy medicine. The demand for allergy medicine is represented by the function Q=1000-20P and the supply is given by P=5+0.1Q. Graph the two functions and find the equilibrium price and quantity. (5) b. Mark the areas representing consumer and producer surplus in the graph! (2)
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Public Personnel Administration And Labor Relations
Authors: Norma M Riccucci
1st Edition
1317461754, 9781317461753
