5. Let (inverse) demand be Pb = 91 - 3 Qb and (inverse) supply be Pv = 15 + 2 Qv. Consider the shift in supply illustrated (the intercept of Pv moves by 6), how much does the quantity traded change? Answer: your answer Price ($) $100 $90 $80 $70 $60 $50 $40 $30 $20 $10 $0 5 Demand 10 Submit Supply 15 Quantity Eqm 20 S+ shift 25 30 35

5. Let (inverse) demand be Pb = 91 - 3 Qb and (inverse) supply be Pv = 15 + 2 Qv. Consider the shift in supply illustrated (the intercept of Pv moves by 6), how much does the quantity traded change? Answer: your answer Price ($) $100 $90 $80 $70 $60 $50 $40 $30 $20 $10 $0 5 Demand 10 Submit Supply 15 Quantity Eqm 20 S+ shift 25 30 35

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter4: Demand, Supply, And Markets

Section: Chapter Questions

Problem 3.4P

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