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Directions: To explain the law of demand and supply, make a demand-supply schedule. Assume a demand and supply function as follows: (Demand) P=40-2Qd (Supply) P=15+4Qs

Directions: To explain the law of demand and supply, make a demand-supply schedule. Assume a demand and supply function as follows:

(Demand) P=40-2Qd (Supply) P=15+4Qs

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