ferret Food Wars - Pennsylvania and New Jersey have finally
Question # 00620252
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Updated on: 11/21/2017 05:10 AM Due on: 11/21/2017
ferret Food Wars
Pennsylvania and New Jersey have finally seceded from the U.S. and are now locked in a bitter trade war. No goods or services may flow between these two nation states. Assume the following supply and demand equations for 12-pound bags of ferret food in each state:
SPA = b + (PPA-1) SNJ = b + (PNJ - 3)
DPA = 4 - PPA DNJ = b + (PPA-1)
14- What is the price of ferret food in each state (PPA, P NJ)? Show all work.
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Solution: ferret Food Wars - Pennsylvania and New Jersey have finally