1. The demand curve is Qd=50-8P; The supply curve is Qs=-17.5 +10P a) What is the equilibrium price and quantity? b) What is the market outcome if
1. The demand curve is Qd=50-8P; The supply curve is Qs=-17.5 +10P a) What is the equilibrium price and quantity? b) What is the market outcome if the price $2.75? What do you expect to happen? Why? C/ What is the market outcome if the price is $4.25? What do you expect to happen? Why? 2. Assume initial equilibrium in the domestic automobile market. Using […]