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PROBLEM 2 (10 points) Suppose the demand of wheat (D) is given by D-63-4P and...

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PROBLEM 2 (10 points) Suppose the demand of wheat (D) is given by D-63-4P and the supply of wheat (S) is given by S =17+2P, where is the price. Use simple algebra to find equilibrium price and quantity traded. Calculate the amount of the shortage at a price of $5.3

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