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Let the Demand and Supply for Two Linked Products, Say

question 14

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Let the demand and supply for two linked products, say corn and soy, be the following: Qcd= 12 - 2pc + ps; Qcs = 4+pc; Qsd = 6-4ps + pc; Qss = 4 + ps. The superscript refers to "demand" (d) or "supply" (s) and the subscript refers to corn (c) or soy (s) . What are the equilibrium prices of corn and soy?

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Shareholders

Individuals or entities that own shares in a corporation, giving them certain rights and interests in the company.

Ultra Vires Act

Actions conducted by a corporation's management or board that are beyond the scope of its powers as defined by its charter or the law.

Express and Implied Powers

Authorities of a governmental or organizational body that are explicitly stated (express) or inferred through conduct (implied).

Ultra Vires

Acts or decisions made by an entity that are beyond the scope of powers granted by its constitution or laws.

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