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Problem 3: Qd = 900 - 2 P Qs = 10 P 1.Calculate the Price and Quantity Equilibrium 2.Plot the Graph 3.Discuss the final result.

Problem 3:

Qd = 900 - 2 P Qs = 10 P

1.Calculate the Price and Quantity Equilibrium

2.Plot the Graph

3.Discuss the final result.

4.What happens if there is an increase in the equilibrium quantity demanded? How does this impact the equation?

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