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How much will equilibrium price change

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Suppose that the demand for lawn fertilizer can be expressed as: P = 125 - 0.08 QD and that the supply of lawn fertilizer can be expressed as: P = -12.5 + 0.0125QS where Q is measured in thousands of tons per year and P is measured in dollars per thousand tons. If demand increases 10%, by how much will equilibrium price change?

Reference no: EM132519122

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