Graph the supply and demand equations

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Graph the Supply and Demand equations and label all important points

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1. Consider the following market for a crop: Demand Qd=a-bp=18-.5P, Supply Qs=c+dp=-2+.5p

2 Suppose that the crop is larger and supply is now Qs=4+.5p??Add the new curve to your graph and label all important points.

Reference no: EM133082950

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