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For the Pair of Supply and Demand Equations Where

question 135

Essay

For the pair of supply and demand equations For the pair of supply and demand equations   where x represents the quantity demanded in units of a thousand and p the unit price in dollars, find the equilibrium quantity and the equilibrium price. Equilibrium quantity: __________ thousand units Equilibrium price: $ __________ where x represents the quantity demanded in units of a thousand and p the unit price in dollars, find the equilibrium quantity and the equilibrium price.
Equilibrium quantity: __________ thousand units
Equilibrium price: $ __________


Definitions:

Habituation

A decrease in responsiveness to a specific stimulus as a result of repeated experience with it.

Sensitization

An increased reactivity to all environmental events following exposure to an intense stimulus.

Behavioral Contrast

A phenomenon in which a change in the reinforcement conditions of one behavior leads to an opposite change in the rate of another behavior.

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