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Both QD and QS are in millions of bushels of potatoes. A. When quantity is expressed as a function of price, what are the Eye-de-ho Potatoes demand and supply curves if P = $2, PW = $4, Y = $7,500 billion, PL = $8, and R = 20 inches? B. Calculate the surplus or shortage of Eye-de-ho Potatoes when P = $1.50, $2, and $2.50. C.
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