MrSnuffleBuns5831 MrSnuffleBuns5831

06-06-2023
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T2Q16. Suppose that for the equations below,P = 1 + 0.1 Qs
P = 5 - 0.1 Qd
the price of wheat increases to $4/tonne. What is the new quantity supplied (Qs) and the quantity demand (Qd)?

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