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Question: assume a demand equation qd 901ppc 001ps 00001y...

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Assume a demand equation Qd # 9-01p-pc + 001ps +00001Y and a supply equation: Qs = 0.1p-002pī + 001N + 0.01T-01w where Q quantity in thousands of units p=price of the good Pc npnce of a complement - S3P Ps price of a substtute $200 Y tt consumer income = S80.000 pnice of an input N number of tirms700 $450 T - index of technology we wage rate 300 y wage rate - s40 r the price is $105, there will be an orthousand units
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