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Economics Chris is in the market for Red Roses. Their demand for Red Roses is given by: QD = 160+2Y+2P0 6P where Chris's income (Y)
Economics Chris is in the market for Red Roses. Their demand for Red Roses is given by: QD = 160+2Y+2P0 6P where Chris's income (Y) is $100. The price of a box of chocolates, PC, is $10. The supply of Red Roses is given by: Q5 = 200+6P What is the equilibrium price (P')
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