Fatima shop demand and supply function of a particular goods is given as: Qs=2P, Qd=140-5p 1. find equilibrum price 2. find equibrum quantity 3. Assume price has value from 5, 10, 15, 20, 25 show graphically the marketequibrum point

Fatima shop demand and supply function of a particular goods is given as: Qs=2P, Qd=140-5p 1. find equilibrum price 2. find equibrum quantity 3. Assume price has value from 5, 10, 15, 20, 25 show graphically the marketequibrum point

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter8: Understanding Markets And Industry Changes

Section: Chapter Questions

Problem 8.5IP

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Fatima shop demand and supply function of a particular goods is given as:

Q_s=2P, Q_d=140-5p

1. find equilibrum price

2. find equibrum quantity

3. Assume price has value from 5, 10, 15, 20, 25 show graphically the marketequibrum point

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