Solution-Inverse demand equation, Suppose that the inverse

Inverse demand equation

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Reference no: EM131208208

Suppose that the inverse demand equation isp =100minus2Q and the supply equation isp =2Q.If the price is controlled at $35,this is a price ceiling. In this market, there will be a shortageof 10units (enter your response as a real number rounded to one decimal place).

Reference no: EM131208208

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Inverse demand equation

Reference no: EM131208208

Reference no: EM131208208

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