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Suppose monthly market demand: P=$50+0.1(I)-0.01Q Where I is consumers monthly disposable income. Calculate the quantity demanded given that the current price in the market is

Suppose monthly market demand: P=$50+0.1(I)-0.01Q Where I is consumer’s monthly disposable income. Calculate the quantity demanded given that the current price in the market is $10 and the monthly disposable income is $1,500? Given your answer from (a) and given that I=$1,500, what should be the change in P if you want to increase the demand by 10%?

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