Suppose demand function has changed

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Reference no: EM1337150

Ecomomics: Demand and Supply

Demand function Qd + 20 â?" P
Supply Function: Qs = -10 + 2P

Q1. Find the equilibrium price and quantity. Show your work

Q2. Assume demand function has changed t0o Qd2 = 14-P. What is the new equilibrium price and quantity? Show your work

Show all your work i.e. excel spread sheet, graphs and formulas used

Reference no: EM1337150

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