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N8 7. Suppose supply at price Pt is S ( Pt )= Pt and demand at price Pt +1is D ( Pt +1)= Pt +1.

7. Suppose supply at pricePtisS(Pt)=Ptand demand at pricePt+1isD(Pt+1)=Pt+1. Solve the difference equationS(Pi)=D(Pi+1), assuming that all constants are positive.

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