Question 4 Ifd 40 2ands 10 3, what are the equilibrium values of price and quantity Please provide a graph with price on the vertical axis and quantity on the horizontal axis showing the equilibrium price and equilibrium quantity Question 5 a)Ifd 1005ands 10 , what are the equilibrium prices and quantity b)If demand increases by 12 and price remains the same as in (a), will there be a shortage or surplus And by how much c)If demand increases by 12, what will be the new equilibrium price and quantity

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Question: Question 4 Ifd= 40 2ands= 10 + 3, what are the equilibrium values of price and quantity? Please provide a graph with price on the

Question 4

Ifd= 40 2ands= 10 + 3, what are the equilibrium values of price and quantity? Please provide a graph with price on the vertical axis and quantity on the horizontal axis showing the equilibrium price and equilibrium quantity.

Question 5

a)Ifd=1005ands=10+, what are the equilibrium prices and quantity?
b)If demand increases by 12 and price remains the same as in (a), will there be a shortage or surplus? And
by how much?
c)If demand increases by 12, what will be the new equilibrium price and quantity?

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