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A
A . Given the Supply and Demand functions
? = 3?s2 + 20 ?? + 12
? = −?D2 −5 ?D + 52
Calculate the equilibrium price & equilibrium quantity .
B. Suppose a store is able to sell 400 HP computers in a day if the price is 350 $ per computer, but is only able to sell 300 per day if the price is 400 $ per computer.
1. find the demand equation
2.If the price p is 2 $, then what is your expectation for the quantity?
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