(Fill in the 4 blanks. For numbers, use two decimal places when necessary.) There are 1,000 households, each with a demand function for garlic G = 2.6 – 0.5P. There are 100 producers of garlic, each...


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(Fill in the 4 blanks. For numbers, use two decimal places when necessary.)<br>There are 1,000 households, each with a demand function for garlic G = 2.6 – 0.5P. There<br>are 100 producers of garlic, each with a supply curve G = 2.5P – 4. Market demand for<br>garlic is QD =<br>and market supply of garlic is Qs<br>the equilibrium quantity of garlic is Q<br>, and the equilibrium price of<br>%3D<br>garlic is P = $<br>

Extracted text: (Fill in the 4 blanks. For numbers, use two decimal places when necessary.) There are 1,000 households, each with a demand function for garlic G = 2.6 – 0.5P. There are 100 producers of garlic, each with a supply curve G = 2.5P – 4. Market demand for garlic is QD = and market supply of garlic is Qs the equilibrium quantity of garlic is Q , and the equilibrium price of %3D garlic is P = $

Jun 11, 2022
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