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At a price of $50 there is demand for 426 items and a supply of 250 items. At a price of $90 there is
At a price of $50 there is demand for 426 items and a supply of 250 items. At a price of $90 there is demand for 186 items and a supply of 450 items. Assuming supply and demand are linear, find the equilibrium price and quantity. Equilibrium quantity: Equilibrium price: $ items
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For demand points are x1y1 50426 x2y2 90186 Use slope y...
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
