Suppose the market for oranges has the following demand and supply functions: Q0*700 - 100P •...

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Answer 1

Answer #1

for equilibrium - Deword = Supply I Oor ds) 700-loop = 200 + 150p 500 = 2500 P= 828 requim price and O= - 10 = 7oo-loop 700-l

Answer 2

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