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Demand curve for physician consultation is given by the equation D=1800 - 3.0 P, where D is the number of consultations utilized in a week
Demand curve for physician consultation is given by the equation D=1800 - 3.0 P, where D is the number of consultations utilized in a week and P is the fee per consultation. The supply curve is shown by the equation S=-600+ 9 P, where is the S is the number of consultations supplied. The market equilibrium fee and number of consultations used will be
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Managerial Economics and Strategy
Authors: Jeffrey M. Perloff, James A. Brander
1st edition
978-0137036059, 133379094, 321566440, 137036051, 9780133379099, 978-0321566447
