Question

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3. Let S denote the supply of hogs in Chicago, measured in thousands
and let P denote the price of pork in cents per pound. Suppose that, for S
between 0 and 100, P changes linearly with S. On April 1, S = 50 and
P=163; on April 3, a rise in S of 10 leads to a decline in P to 161. What
happens if S falls to 30 ?​

Answer 1

Answer:

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