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National EC 2104 – In a simple market model

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January 13th, 2018

Microsoft Word – Assignment 2 Questions.docxIn a simple market model, with the following conditions:Qd = Qs, Qd = D(P, Y), Qs = S(P)Microsoft Word – Assignment 2 Questions.docxDerive the correlations between P* and Y, and Q* and Y. Discuss their signs. (Quantitative methods in Economics)

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