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illustrate the impact of this shift in demand.

ECO 100 Workbook Summer 2014 Problem

ECO 100 Workbook Summer 2014 Problem

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Question

Many identical firms each with total costs C = q2 + 4 initially face market demand D0 = 80 ? 10p but the market grows to D1 = 120 ? 10p. Provide a pair of fully labeled diagrams showing the typical firm and industry supply and demand to illustrate the impact of this shift in demand.

ECO 100 Workbook Summer 2014 Problem

 

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PART 1 PORTFOLIO MILESTONE (25 points of the final Portfolio grade) Option #1 Portfolio Milestone: Outline Prepare an outline of your plan project and submit it to your instructor for review. Please use APA format and include a two- to three-sentence description of each section. Although you will not earn points in Week 2 for this deliverable, it is a required component of the Portfolio Project, and you will lose points on your final project grade if you fail to submit this assignment as required by the end of Week 2. See the Portfolio Project grading rubric on the Course Information page for details.