text 1. The Market for cigarettes has the following supply and demand functions:
Q5 = 8 + 3P5
Q = 20 — P” where P5 and PD denote the prices (in pounds) received by sellers and price paid by buyers respectively
text 1. The Market for cigarettes has the following supply and demand functions:
Q5 = 8 + 3P5
Q = 20 — P” where P5 and PD denote the prices (in pounds) received by sellers and price paid by buyers respectively
