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Given: Qd= 26 -2P Qs =-4+8P Calculate the equilibrium price and equilibrium quantity. Construct a demand and supply schedule. Use this set of prices: 0,
Given: Qd= 26 -2P
Qs =-4+8P
- Calculate the equilibrium price and equilibrium quantity.
- Construct a demand and supply schedule. Use this set of prices: 0, 1, 2, 3, 4, 5
- Graph the demand and supply schedule
- Show the surplus and shortage areas
- Calculate the new equilibrium price and quantity if the demand function becomes Qd=36-2P while the supply function remain unchanged.
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Financial and Managerial Accounting
Authors: Belverd E. Needles, Marian Powers, Susan V. Crosson
9th edition
1439037809, 978-1439037805
