Question: 4.7 The demand function for roses is Q = a - bp, and the supply function is Q = c + ep + ft, where

4.7 The demand function for roses is Q = a - bp, and the supply function is Q = c + ep + ft, where a,

b,

c, e, and f are positive constants and t is the average temperature in a month. Show how the equilibrium quantity and price vary with temperature.

(Hint: See Solved Problem 2.3.) A

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