Question: The supply function is Q = 20 + 3p - 20r, and the demand function is Q = 220 - 2p, where r is the

The supply function is Q = 20 + 3p - 20r, and the demand function is Q = 220 - 2p, where r is the rental cost of capital. How do the equilibrium price and quantity vary with r? (Hint: See Solved Problem 2.1.) M

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