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Answer to Question #142021 in Macroeconomics for Hasnain Ahmad
Question #142021
Suppose that the demand curve for Movie ticket is:
Qd=250-20p and
the supply Curve is:
where Qd is the quantity demand , Qs is the quantity supplied and P is the Price.
(1) Derive and Graph the demand Schedule
(2) Derive and Graph Supply Schedule as well?
Qd=250-20p and
the supply Curve is:
where Qd is the quantity demand , Qs is the quantity supplied and P is the Price.
(1) Derive and Graph the demand Schedule
(2) Derive and Graph Supply Schedule as well?
Expert's answer
The answer to your question is provided in the image:
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