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Can you review my answers to ensure I'm on the correct path? Consider the market for hotdogs in Kamloops, where P = 10 - 0.5Qd
Can you review my answers to ensure I'm on the correct path?
- Consider the market for hotdogs in Kamloops, where P = 10 - 0.5Qd & P = 1 + 0.5Qs, where Q is one thousand hotdogs.
- Graph supply & demand and illustrate P* & Q*.(2 marks)
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