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The Demand for sugar in Canada in terms of it's price, P, was once estimated to be QD = 135 - 8P.

If this equation were valid today, calculate the following:

(a) How much would be demanded at P = 10?

b) How much would be demanded if the sugar were free?

c) What price would correspond to QD =95?

d)What is the higest price at which nobody would be willing to pay for sugar?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9694968

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