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Need answers, fast reply for thumps up. Λ Suppose that the U.S. market for new vinyl LPs in 2018 had supply and demand curves given by P^5 18+0.64 ^ 5 and - - p^d 26 0.64 ^ d a) calculate the equilibrium price. b) calculate equilibrium quantity c) draw demand and supply diagram **** SHOW YOUR CALCULATIONS***** 10:05 PM

Need answers, fast reply for thumps up. Λ Suppose that the U.S. market for new vinyl LPs in 2018 had supply and demand curves given by P^5 18+0.64 ^ 5 and - - p^d 26 0.64 ^ d a) calculate the equilibrium price. b) calculate equilibrium quantity c) draw demand and supply diagram **** SHOW YOUR CALCULATIONS***** 10:05 PM

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter3: Demand And Supply
Section: Chapter Questions
Problem 45CTQ: Suppose both of these events took place at the same time. Combine your analyses of the impacts of...
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Need answers, fast reply for thumps up. Λ Suppose that the U.S. market for new vinyl LPs in 2018 had supply and demand curves given by P^5 18+0.64 ^ 5 and - - p^d 26 0.64 ^ d a) calculate the equilibrium price. b) calculate equilibrium quantity c) draw demand and supply diagram **** SHOW YOUR CALCULATIONS***** 10:05 PM
Transcribed Image Text:Need answers, fast reply for thumps up. Λ Suppose that the U.S. market for new vinyl LPs in 2018 had supply and demand curves given by P^5 18+0.64 ^ 5 and - - p^d 26 0.64 ^ d a) calculate the equilibrium price. b) calculate equilibrium quantity c) draw demand and supply diagram **** SHOW YOUR CALCULATIONS***** 10:05 PM
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