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Managerial Economics Question 4 page 85 2) Consider the following supply and demand curves for a certain product. Qs = 25,000P QD = 50,000- 10,000P

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Managerial Economics

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Question 4 page 85 2) Consider the following supply and demand curves for a certain product. Qs = 25,000P QD = 50,000- 10,000P a. Plot the demand supply and curve, b. What are the equilibrium price and equilibrium quantity for the industry? Determine the answer in algebraically and graphically

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