Qd=9-0.1(100)-3+0.01(200)+0.0001(80,000)
=9-10-3+2+8
=6.
Qs=0.1(100)-0.02(450)+0.01(700)+0.01(300)-0.1(40)
=10-9+7+3-4
=7
IF the Price is 100, there will be excess supply of 1 thousand units.
Assume a demand equation: and a supply equation: Qd = 9 – 0.1p - Pc +...
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