Calculate the equilibrium price and quantity of corn

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Reference no: EM13189182

Analyzing domestic market for corn

Qd= 1800 -125P-10pw
Qs = 440 + 165P

Quantities in millions of bushels; prices are measured in dollars per unit. Pw is the price of wheat.

Pw = $20, calculate the equilibrium price and quantity of corn.

Reference no: EM13189182

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