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Q. Find the equilibrium price and quantity after the shift of the demand curve.
If, instead, two new stores that sell T-shirts open up in town, which of the following might be the new supply curve?
Q=4,000 + 1,000P, Q=9,000 + 1,000P
How many tickets to sell to maximize total welfare.
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Explain what occurs when a new technology makes another one obsolete in terms of economic profit.
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