Given the general linear demand relation

Sep 12, 2023

Given the general linear demand relation: Qd= 680 – 9P + 0.006M – 4PR, where M is income and PR is the price of a related good (R), then if M = $15,000 and PR =$20 and the supply function is QS = 30 + 3 P , equilibrium price and quantity are, respectively

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