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Please give correct answer otherwise I will report... Give dislike.. Supply OF = 15.90 - 0.728 + 0.05P Demand: OP = 0.02 -1 8Pg #
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Supply OF = 15.90 - 0.728 + 0.05P Demand: OP = 0.02 -1 8Pg # 0.69P. where Of and O' are the quantities supplied and demanded, each measured in trilion cubic feet (Tof). P. is the price of natural gas in dollars per thousand cubic feet ( Wmcfly and Po is the price of all in dollars per barrel (5/6) If the price of oil were $65.00 per barrel, what would be the free-market price of gas? With a $65:00 price of oil per barrel, the free market price of gas would be $ 10:29 per thousand cubic foot. (Enter your response rounded to two decimal places ) How large a deadweight loss would result if the maximum allowable price of natural gas ware $5 00 per thousand cubic foot?" Deadweight loss if the price of natural gas were regulated to bo $5.00 would be $| |billion (Enter your response rounded to two decimal places What price of oil would yield a free-market price of natural gas of $5.007 The free-market price of natural gas would be $5.00 if the price of of were $ . (Enter your response rounded totwo decimal places)Step by Step Solution
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