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    Economics-Macroeconomics
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    Exam 3: Demand and Supply
  5. Question
    If the Demand and Supply Curves Are Described by the Following
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If the Demand and Supply Curves Are Described by the Following

Question 319

Question 319

True/False

If the demand and supply curves are described by the following equations P = a - bQ and P = c + dQ, respectively, the equilibrium quantity is Q* = (a - c) / (b + d).

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