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Suppose that the supply curve for analog synthesizers is described by the equation: P = 252 + 0.85Q s where P is the price and
Suppose that the supply curve for analog synthesizers is described by the equation:
P = 252 + 0.85Qs
where P is the price and Qs is the quantity supplied. Round your answers to the nearest whole number.
If the price of analog synthesizers is $489, what is the quantity supplied?
If the price then decreases to $398, what is Qs now?
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