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To explain the law of demand and supply, make a demand-supply schedule. Assume a demand and supply function as follows: (Demand) P=40-Qd and (Supply) P= Qs-10 2

paki sagutan, APPLIED ECONOMICS grade11

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$3.06 per bushel. To find the equilibrium quantity, substitute the price into either the supply or demand equation, e.g.,. QS = 1944 + ...

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