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Show how to generate a supply and demand function from a information table that includes the supply and demand information for two different price levels. First I show how to compute the slope then the intercept. With slope and intercept information supply and demand can be written in the familar
P = a + bQ and...
P = a - bQ
forms respectively.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9309798

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