Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![b. i) If Q+P= 5 and 2P-Q =5.5
(3)
find Q* and P*
ii) QD= 30 - 6P2
2
QS= 2P+ 4P + 6
find Q* and P*](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1a4419d4-faad-42e8-89c8-496307f6af56%2F22356900-36c9-4020-b285-48bcd52e246d%2Froisbs_processed.png&w=3840&q=75)
Transcribed Image Text:b. i) If Q+P= 5 and 2P-Q =5.5
(3)
find Q* and P*
ii) QD= 30 - 6P2
2
QS= 2P+ 4P + 6
find Q* and P*
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