Let (inverse) demand be Pb = 116 - 2 Qb and (inverse) supply be Pv = 24 + 2 Qv. Consider the shift in demand illustrated (the intercept of Pb moves by 6), what is the change in the quantity traded? Answer: your answer Price ($) $140 $120 $100 $80 $60 $40 $20 $0 0 10 Demand 20 Submit Supply 30 Eqm 40 D + shift 50 60 70

Let (inverse) demand be Pb = 116 - 2 Qb and (inverse) supply be Pv = 24 + 2 Qv. Consider the shift in demand illustrated (the intercept of Pb moves by 6), what is the change in the quantity traded? Answer: your answer Price ($) $140 $120 $100 $80 $60 $40 $20 $0 0 10 Demand 20 Submit Supply 30 Eqm 40 D + shift 50 60 70

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter4: Supply And Demand: An Initial Look

Section: Chapter Questions

Problem 1DQ

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