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Suppose the inverse demand curve for a market is equal to p = 100 -- 0.3Q. The inverse market supply curve is p = 20 + 0.5Q.
1. Calculate the equilibrium price and quantity;
2. Calculate the consumer surplus, producer surplus and total surplus.
if govtment face cost push inflation which policy govtment should take to control inflatoin?
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using the fisher equation what can you infer about expected inflation in canada and in the united states?
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