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In: Economics

1).Find the percent change for each. (1-5) 1.67 to 2.94 3.05 to 2.7 1.65 to 1.77...

1).Find the percent change for each. (1-5)

1.67 to 2.94

3.05 to 2.7

1.65 to 1.77

1.90 to 0.76

       

2.) USE SEPERATE GRAPHS FOR EACH.

GRAPH. Find Equilibrium Price and Quantity. A simple market has the demand curve of

Qd= 104-2p and a Qs= -24+8p.

3.)GRAPH. Find Consumer, Producer and Total Surplus for this market.

Qd= 104-2p and a Qs= -24+8p.

4.)GRAPH. Qd= 104-2p and a Qs= -24+8p. How is this free market effected if the number of buyers increased? Explain

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