Mathematics, 19.11.2019 06:31 chasechevy13
Home's demand curve for wheat is upper p equals 10 minus startfraction 1 over 20 endfraction upper q subscript upper d . its supply curve is upper p equals 4 plus startfraction 1 over 20 endfraction upper q subscript upper s . home's quantity demanded of wheat is upper q subscript upper d baseline equals 200 200 - 20 20p. home's quantity supplied of wheat is upper q subscript upper d baseline equals 80 80 + 20 20p. home's import demand schedule is upper m equals upper q subscript upper d baseline minus upper q subscript upper s baseline equals 120 120 - 40 40p or p = 3 3 - 1/40 startfraction 1 over 40 endfraction upper q subscript upper m. the home price of wheat in the abscence of trade would be upper p superscript upper a baseline equals 60 60.
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Home's demand curve for wheat is upper p equals 10 minus startfraction 1 over 20 endfraction upper q...
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