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Suppose the demand for ethanol is now given by the function Q = 4 6 . 1 - 2 0 P . What do you
Suppose the demand for ethanol is now given by the function Q P What do you predict will be the longrun equilibrium price of ethanol, assuming no changes in costs?
a $ per gallon
b $ per gallon
c $ per gallon
d $ per gallon
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