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Solve for p and q in terms of a b c d given qapb and q cpd e If in the previous problem p stood for price under what circumstances would the market clearing price the p you solved for

 Solve for p and q in terms of a, b, c, d given q-ap+b and q cp+d (e) If in the previous problem p stood for price, under what circumstances would the market clearing price (i.e. the p you solved for) be positive? (What are the restrictions on a, b, c,d that would ensure that p is positive?

Apr 05 2020 View more View Less

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