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Recall the inverse demand and supply functions are: P = 80 - 2Q d and P = 20 + 2Q s , where P is
Recall the inverse demand and supply functions are: P = 80 - 2Qd and P = 20 + 2Qs, where P is the price of wheat in USD/MT and Q is quantity of wheat in million MT. Graph the market for Kansas wheat, including equilibrium P and Q, CS and PS.
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