Compute the equilibrium price and quantity in market
The market demand curve for a perfectly competitive market is given by p=440-10Q. the market supply curve is given p=4Q+20. calculate the equilibrium price and quantity in the market.
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China and Japan do a lot of international trade with each other. If both countries begin in general equilibrium and then the Peoples' Bank of China (the central bank) engages in an autonomous monetary policy tightening:
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