Question
Assume that the supply of apricots is Q S = 2P - 10 - a, and the demand for apricots is Q D =25 -
Assume that the supply of apricots is QS= 2P - 10 - a, and the demand for apricots is QD=25 - P/3 + b, where a and b are exogenous supply and demand shifters.
Assume that a=0 and b=0.
Compute the equilibrium price and quantity.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
