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Suppose the two price and quantity combinations (Q=25, P = 78) and (Q = 211, P = 5) lie on the market demand curve. Solve
Suppose the two price and quantity combinations (Q=25, P = 78) and (Q = 211, P = 5) lie on the market demand curve. Solve for the market demand curve equation in the form P = a - bQ What is a + b? Enter your answer as a number to 2 decimal places. NOTE: ADD THE ABSOLUTE VALUES OF a AND b TOGETHER, E.G. IF P = 100 - 5Q, THEN a + b = 105
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International Economics
Authors: James Gerber
6th edition
978-0132950145, 132950146, 132948915, 978-0132948913
