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The supply curve is given by Ps = 10 Q and the quantity traded at equilibrium is 20. If the demand curve is PD= 400-TQ
The supply curve is given by Ps = 10 Q and the quantity traded at equilibrium is 20. If the demand curve is PD= 400-TQ qhere T is an unknown parameter, what is the market clearing price and value for T
- 200$ and T= 10
- 300$ and T= 35
- Lack of information
- 20$ and T = 15
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