Intermediate Microeconomics – Long run diagram, tariffs, demand

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Intermediate Microeconomics – Long run diagram, tariffs, demand

Economics, Northern Virginia Community College

Intermediate Microeconomics – Long run diagram, tariffs, demand

Question Description

Help with two questions, one on creating a diagram showing decrease in demand in a constant cost industry in the long run. The other where dealing with the market for soybeans described as:

Demand: P = 100 – 4Q

Supply = P = 10 + 2Q

Pictures of both questions are attached below:

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