consider the market for sheets of steel, price is dollar per sheet and the quantity refers to sheets The demand curve is given by : Qd=300-Pd The supply curve is given by : Qs =0.5Ps a. Compute the equilibrium price and quantity . Please plot the two curves in a well-labeled graph, and show the equilibrium point (P* and Q*), and indicate the consumer surplus and producer surplus on the graph Carbon fiber rebar is believed to be a good substitute for steel. If the price of carbon fiber rebar decreases, how would this affect the demand and supply curve (please show
Questions 1 consider the market for sheets of steel,
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