If Inverse Demand is given by the expression P = 100-2Q and Inverse Supply is given by

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If Inverse Demand is given by the expression P = 100-2Q and Inverse Supply is given by the expression P = -20 + 3Q, what is the PED at the point where prices are £20 below the equilibrium?

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Posted Date: Dec 18, 2020 12:31 AM

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If Inverse Demand is given by the expression P = 100-2Q and Inverse Supply is given by

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Microeconomics

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