25. Where market demand and market
supply equals each other,what of the
following is determined there ?
1. Equilibrium price
2. Equilibrium quantity
3. Both a and b
4. None
Answers
Answered by
0
Explanation:
Set quantity demanded equal to quantity supplied:
Add 50P to both sides of the equation. You get.
Add 100 to both sides of the equation. You get.
Divide both sides of the equation by 200. You get P equals $2.00 per box. This is the equilibrium price.
Similar questions