Question: 1. Draw a precise graph that represents the demand and supply functions: Qd = 300-0.5Pi-2Pp+0.4Y Qs = 1.5Pi Where Y=500 and Pp=50

1. Draw a precise graph that represents the demand and supply functions:

Qd = 300-0.5Pi-2Pp+0.4Y

Qs = 1.5Pi

Where Y=500 and Pp=50

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