Unformatted text preview: the same product is Q S A =-60 + 3 P A . i. Graph the supply and demand curves on the same axis. (Note: Make certain to include all intercepts in the ﬁrst quadrant.) ii. Calculate and demonstrate the equilibrium quantity and price for this market. iii. What would happen to the equilibrium values of price and quantity if the supply curve changed to Q S A =-20 + 3 P A ? Why?...
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- Spring '10
- Supply And Demand, following equation QD