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The demand function for roses is Q = 100-P and the supply function is Q = P+T , where T is the average monthly temperature
The demand function for roses is Q = 100-P and the supply function is Q = P+T , where T is the average monthly temperature.
Show how the equilibrium price and quantity vary with temperature. Provide an algebraic expression and illustrate i with a graph. Interpret your results in words.
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