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The demand function for propane is Qd

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5. The demand function for propane is Qd=212-20P;The supply function for propane is Qs=20+4P;e. If demand increases to Q'd=250-19P and the supple is as given in Part d what is the new equilibrium price and quantity?

 

Paper#28792 | Written in 18-Jul-2015

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