question archive Suppose the supply and demand curves for skateboards in the United States are given by the following set of equations: a

Suppose the supply and demand curves for skateboards in the United States are given by the following set of equations: a

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Suppose the supply and demand curves for skateboards in the United States are given by the following set of equations:

a. What will be the equilibrium price and quantity in the United States for skateboards?

b. What will be the new equilibrium price and quantity in the United States for skateboards if demand increases by 100 units along the quantity axis?

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