Question

1. Suppose the market demand for Good is given by the equation Qd = 1000 – 20P, and market
supply is given by the equation Qs = 500 +30P, then
A. Find quantity demanded and quantity supplied when the price of good X = Br. 12. Is there a
surplus or shortage in the production of Good X? What should happen to the price of Good
X?
B. Find the equilibrium price for good X by equating
C. Calculate the price elasticity of demand and supply at equilibrium (interpret the value )​

Answer 1

Answer:

Bro please write the question perfectly.

Explanation:

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Answer 2

In physics, a force is any influence that, when unopposed, will change the motion of an object. A force can cause an object with mass to change its velocity, i.e., to accelerate. Force can also be described intuitively as a push or a pull. A force has both magnitude and direction, making it a vector quantity.

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