Set up the following cobweb model on a spreadsheet
Set up the following cobweb model on a spreadsheet for t =0 to 10
(i) What is the equilibrium price and quantity?
(ii) Given p(0)=3, does the market tend to equilibrium?
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set up the following cobweb model on a spreadsheet fornbsptnbsp0 to 10qdt 18 - 3ptqst- 10 4petpetnbspptnbsp-
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