Consider the market for energy in Boston. Assume it is perfectly competitive.
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Question

Consider the market for energy in Boston. Assume it is perfectly competitive. The aggregate demand for energy is

D(p) = 100 − p

while the aggregate supply is

S(p) = 4p

Top Answer

1. Equilibrium P = 20 and equilibrium Q= 75. 2. New demand quantity = 75... View the full answer

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