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Please help me with this textbook question Suppose the demand and supply of rubber shoes can be represented by the following equation: Qd = 151-5p
Please help me with this textbook question
Suppose the demand and supply of rubber shoes can be represented by the following equation:
Qd = 151-5p
Qs=4p
Assume that an increase in the cost of rubber caused the supply of shoes to decrease by 50 units at each price level.
If the market price for rubber shoes is $50, how many units of rubber shoes would be supplied in the market after the cost increase
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