Derive the price dependent demand and supply system. Show you work! Answer: (this time only I will supply you with the functions, but make sure
Derive the price dependent demand and supply system. Show you work! Answer: (this time only I will supply you with the functions, but make sure you can derive them!) Demand: P = 40 0.50 Qd (=MB function!) Supply: P = 25 + 0.25 Q,i (=MCP, the private MC function)
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