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Soybean oil market in costa rica the demand equation

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Reference no: EM131944999

Suppose for the soybean oil market in costa rica the demand equation is P=20-0.4QD and the supply demand is P=8=0.6QS the price for the oil is $13 will there be a domestic shortage or surplus? How do you solve this equation?

Reference no: EM131944999

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