(Solution Library) (3 marks) Suppose Demand is P=100-3Q and supply is P=Q. Draw this demand and supply diagram for a closed economy (no imports or exports
Question: (3 marks) Suppose Demand is P=100-3Q and supply is P=Q. Draw this demand and supply diagram for a closed economy (no imports or exports are possible) with the standard axes (P vertical, Q horizontal). Mark carefully on the diagram (for one mark each) the demand curve, the supply curve, and then work out the equilibrium (the numbers are required, not just showing the point).
Deliverable: Word Document 
![[See Solution] (5 marks) Mark on a](/images/solutions/MC-solution-library-76084.jpg "[See Solution] (5 marks) Mark on a new diagram a world price of")
[See Solution] (5 marks) Mark on a new diagram a world price of
(Step-by-Step) (5 marks) Mark on a new diagram a world price of
(Step-by-Step) (2 marks) Mark on two new diagrams what the supply
(See Solution) (7 marks) Consider a market described by these demand
![[Solution Library] (1 marks) Are your results](/images/solutions/MC-solution-library-76088.jpg "[Solution Library] (1 marks) Are your results dependent on the")
[Solution Library] (1 marks) Are your results dependent on the
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