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    Microeconomics Theory Study Set 1
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    Exam 2: Supply and Demand
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    Using the Supply and Demand Equations for Wheat,solve for the Equilibrium
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Using the Supply and Demand Equations for Wheat,solve for the Equilibrium

Question 79

Question 79

Essay

Using the supply and demand equations for wheat,solve for the equilibrium price and quantity as functions of I and r.

Correct Answer:

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Setting QS = QD we get:
20r + 100...

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