Assume that demand for a commodity is represented by the equation

Assume that demand for a commodity is represented by the equation

Question # 00004276 Posted By: expert-mustang Updated on: 11/30/2013 08:03 PM Due on: 12/01/2013
Subject Economics Topic General Economics Tutorials:
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Assume that demand for a commodity is represented by the equation P = 10 – 0.2 Qd, and supply by the equation P = 2 + 0.2 Qs where Qd and Q s are quantity demanded and quantity supplied, respectively, and P is the Price. Use the equilibrium condition Qs = Qd

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    Tutorial # 00004075 Posted By: expert-mustang Posted on: 11/30/2013 08:05 PM
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