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The estimated demand curve for Popsicle on a particular beach on a sunny summer day is given by Q=130 -3.5p where p is measured in

The estimated demand curve for Popsicle on a particular beach on a sunny summer day is given by

Q=130 -3.5p

where p is measured in dollars.

What is the predicted quantity if =$2.00?

The predicted quantity would be

Q= Popsicle

If the actual quantity demanded is 113, what is the residual? The residual would be

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