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d = 200 - 20P1 + 20P2 + 3P3 + 2M where Qd is the demand for good 1, P1 is the price of good
d = 200 - 20P1 + 20P2 + 3P3 + 2M where Qd is the demand for good 1, P1 is the price of good 1, P2 is the price of good 2, P3 is the price of good 3, and M is income. Suppose that P2 = 2, P3 = 20, M = 1000 A. Find equilibrium price and quantity. B. Using equilibrium from part A. Suppose the government legislated a price control above the equilibrium price. What kind of price control is this and who is it designed to help (ideally)? C. Using equilibrium from part A. Suppose the government legislated a price control below the equilibrium price. What kind of price control is this and whois it designed to help (ideally)? D. Name two goods that are complements in supply. Explain in a sentence or two
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