You are given the following information on the Ferby market: Qo = 12,000 - 20P %3D Qs = 6,000 +5 P %3D Where quantity is in thousand units and price in thousand baht. a. Calculate the equilibrium price and equilibrium quantity of the Ferby.

You are given the following information on the Ferby market: Qo = 12,000 - 20P %3D Qs = 6,000 +5 P %3D Where quantity is in thousand units and price in thousand baht. a. Calculate the equilibrium price and equilibrium quantity of the Ferby.

Name: 4. You are given the following information on the Ferby market:QD = 1
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Description: 4. You are given the following information on the Ferby market:QD = 12,000 - 20PQs = 6,000 +5 PWhere quantity is in thousand units and price in thousand baht.a. Calculate the equilibrium price and equilibrium quantity of the Ferby.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter3: Demand And Supply

Section: Chapter Questions

Problem 37CTQ: Explain why the following statement is false: In the goods market, no buyer would be willing to pay...

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