QUESTION 1 Given a demand curve of P = 165 - 6Qd and supply of P = 65+5Qs, find the equilibrium price (Pe), AFTER lower input costs have shifted supply by 4 dollars.

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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QUESTION 1
Given a demand curve of P = 165 - 6Qd and supply of P = 65 + 5Qs, find the equilibrium price (Pe), AFTER lower input costs have shifted supply by 4 dollars.
Transcribed Image Text:QUESTION 1 Given a demand curve of P = 165 - 6Qd and supply of P = 65 + 5Qs, find the equilibrium price (Pe), AFTER lower input costs have shifted supply by 4 dollars.
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