4. A market consists of three consumers M, N and R whose demand equations are :
M; P=35-0.050QM
N; P=50-0.25QN
R; P=40-2.00QR
Market supply equation is given as : 40+3.5P
a. Find equilibrium price and quantity 4
b. Calculate price elasticity of demand at equilibrium position and interpret the result. 2
c. If the price has been increased by Rs. 3, at market equilibrium, what will be the market
position in the case of demand and supply?
Answers
Answer:
B. mes Read the following passage and then answer the questions given below. Music rejuvenates the mind. When music therapy is combined with other relaxation techniques bas guided imagery, it reduces depression, pain and anxiety. Fibromyalgia is a condition that causes stiffness and tenderness of the muscles, tendons and joints. Im such a condition musicalso improves sle Researchers used relaxation technique based on guided imagery and music therapy for treatme Res patients. They were given a CD each which they could listen to at home. Then, the researchers la the different symptoms associated with fibromyalgia like intensity of pain, quality of life, sleep disc and others. The patients showed positive improvement in their conditign. This reveals that the relaxation and receptíve music therapy are effective to a great extent. L Find words from the passage which mean the same as the words given below. Answer the questions given below on the basis of your reading of the passage 1. How does music affect the mind? 3. signs 2