Question: Show graphically and write sentences using the information in the graph to show how the price and quantity chosen by a profit-maximizing price searcher will

Show graphically and write sentences using the information in the graph to show how the price and quantity chosen by a profit-maximizing price searcher will change when the marginal cost curve shifts downward from a constant marginal cost of $40 at all levels of output to $20 at all levels of output.The demand curve is P=100- Q.

Explain Price:

Explain Quantity:

Draw Graph and provide calculations:

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