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Answer in Microeconomics for Hardik #173234

Author:
March 27th, 2023

he market for vanilla ice cream is given by the following information: = 800 − 30 + 10 = 250 + 30 − 10 Where is the quantity demanded, is quantity supplied, is the price of vanilla ice cream, is the price of chocolate ice cream and is the price of milk.

In equilibrium Qd = Qs, so:

800 − 30 + 10 = 250 + 30 − 10 ,

60Pv = 10Pc + 10Pm + 550,

Pv = (Pc + Pm + 55)/6.

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