Elucidate how large is the change in the equilibrium price

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Reference no: EM1365132

Q. Suppose Qd=-25*P+Income+2500 and Qs=97*P-Pinputs-500. Originally Income=698 and Pinputs=63. Then suppose Income increases to 1261 and Pinputs increases to 144. How large is the change in the equilibrium price?

Q. Such Kwakwaka'wakw of Canada, were predominantly foragers, yet they often accumulated surplus goods and participated in lavish feasts and competitive gift-giving such as potlatching. Where do they fit on the continuums of production, consumption, and exchange

Reference no: EM1365132

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