Dr. Alston

the equilibrium price and quantity in the graph you drew for 1(c) on the . previous page (use lines or dotted lines to indicate equilibrium price and . quantity). (2) Plugging the equilibrium quantity into the price equations in 1(a) [where Px =f(Qx)] and the equilibrium price into the initial quantity equations [where Qx = f(Px)]. (There are four separate calculations required here! Do them ... ................
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