fo' = 100 - 5P and Q' = 10 + P. what are the equilibrium values of price and quantity? If demand increases by 12 and price remains the same as in (a) will there be a surplus or shortage? How much? %3D...

fo' = 100 - 5P and Q' = 10 + P. what are the equilibrium values of price and quantity?<br>If demand increases by 12 and price remains the same as in (a) will there be a surplus or<br>shortage? How much?<br>%3D<br>ill ho the new eauilihrium price and quantity?<br>

Extracted text: fo' = 100 - 5P and Q' = 10 + P. what are the equilibrium values of price and quantity? If demand increases by 12 and price remains the same as in (a) will there be a surplus or shortage? How much? %3D ill ho the new eauilihrium price and quantity?

Jun 10, 2022

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fo' = 100 - 5P and Q' = 10 + P. what are the equilibrium values of price and quantity? If demand increases by 12 and price remains the same as in (a) will there be a surplus or shortage? How much? %3D...

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