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bene, LUPIEXERCISE 451. Demand for goods of an industry is given by the equation pg = 100, where p is the price4 is the quantity. Supply is given by the equation 20 + 3y = g. What is the equilibrium proand quantity.2. The demand and supply equations are given by p = 20 and 2p + 9 = 8 respectivelywhere p is the price and is the quantity. Determine the equilibrium price and quantity3. The demand for goods of an industry is given by p q = 25 and supply by p = 9+1, wherep is the price and a is the quantity demanded. Find the equilibrium price and quantityANSWERSIKU. 2011 |
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Answer» pq=10020+3p=q20+3=q/p........ pq= 10020+3p=q20+3p=q/p= 24= q/p 100 = qp3p + 20 = q20 + 3p = q\p24 = q\p pq=10020+3p=q20+3p=q/p=24=q/p |
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