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rusak2
2 months ago
8

(Advanced analysis) The demand for commodity X is represented by the equation P = 10 - 0.2Q and supply by the equation P = 2 + 0

.2Q. If demand changes from P = 10 - .2Q to P = 7 - .3Q, the new equilibrium quantity is
Business
1 answer:
Katen [3.5K]2 months ago
5 0
The equilibrium quantity after adjusting the demand curve yields Q = 10.
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Symbols

Stories

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