=+a. Plot the demand and supply curves using these schedules. Indicate the equilibrium price and quantity on

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=+a. Plot the demand and supply curves using these schedules. Indicate the equilibrium price and quantity on your diagram.

b. Suppose the tires used on pickup trucks are found to be defective. What would you expect to happen in the market for pickup trucks?

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Related Book For  book-img-for-question

Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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