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Answer the next question(s) on the basis of the following information. The demand for commodity X is represented by the equation P = 100 - 2Q and...
Answer the next question(s) on the basis of the following information. The demand for commodity X is represented by the equation P = 100 - 2Q and supply by the equation P = 10 + 4Q.Refer to the above information. If demand changed from P = 100 - 2Q to P = 130 - Q, the new equilibrium price is...
