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Suppose Harrod and Hicks are the only 2 consumers in a market. Harrod's demand curve for fluffy blankets is given by Q = 1348 -
Suppose Harrod and Hicks are the only 2 consumers in a market. Harrod's demand curve for fluffy blankets is given by Q = 1348 - 4P, while Hick's demand curve is given by P + 2Q = 206 as shown in the diagram below. When the market quantity demanded is 100, what is the market price? P 337 206 DHarrod 103 1348 O A. R312.00 B. R300.22 C. R6.00 D. R206.00 E. R1348.00 O A. R312.00 O B. R300.22 O C. R6.00 D. R206.00 E. R1348.00
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