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Discussion Post: Macroeconomic
Answer the following questions regarding markets and consumer surplus. You are expected to complete all parts of the question below.I also include a bonus point you can get if you like it, but don't feel the need to complete it. You can upload the graph to the corresponding test written section. You may also email me a image if you want.
Let the quantity demand function be: QD=20-2PLet the quantity supply function be: QS=2P
A. Solve the equilibrium price and quantity of the markets above you should show your work.
B. Graph the market above.
C. What is the consumer surplus in the market assume the market is at equilibrium price?
consider the following simple linear regression model.yi beta1 beta2xi ei i 1... npart i we are trying to find the
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