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Given a demand curve of P = 250 - 2Qd and supply of P = 62 +5Qs, find the equilibrium price (Pe), AFTER an increase in the price of complimentary goods has created a sh of 10 UNITS (Q).

Given a demand curve of P = 250 - 2Qd and supply of P = 62 +5Qs, find the equilibrium price (Pe), AFTER an increase in the price of complimentary goods has created a sh of 10 UNITS (Q).

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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**Question 1** Given a demand curve of \( P = 250 - 2Qd \) and a supply of \( P = 62 + 5Qs \), find the equilibrium price \( (Pe) \), **after** an increase in the price of complementary goods has created a shift of 10 **units** \( (Q) \). [Text Box]
Transcribed Image Text:**Question 1** Given a demand curve of \( P = 250 - 2Qd \) and a supply of \( P = 62 + 5Qs \), find the equilibrium price \( (Pe) \), **after** an increase in the price of complementary goods has created a shift of 10 **units** \( (Q) \). [Text Box]
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