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[Solved]: Assume that the demand curve D(p) given below is t
Home / Expert Answers / Economics / assume-that-the-demand-curve-d-p-given-below-is-the-market-demand-for-widgets-q-d-p-115113pq-pa764

(Solved): Assume that the demand curve D(p) given below is the market demand for widgets: Q=D(p)=115113pQ= ...



Assume that the demand curve D(p) given below is the market demand for widgets: Q=D(p)=1151?13pQ=D(p)=1151-13p, p > 0 Let the market supply of widgets be given by: Q=S(p)=?4+8pQ=S(p)=-4+8p, p > 0 where p is the price and Q is the quantity. The functions D(p) and S(p) give the number of widgets demanded and supplied at a given price.



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