6.
Given the demand and supply equations, Qdx = 200 - 5P, and
Qsx = - 250 +10 Px, the equilibrium price is
(a) 45
(b) 30
(c) 40.40
(d) 30,50
Answers
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Answer:
(d) 30,50
Explanation:
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Demand and supply statistics, Qdx = 200 - 5P, and Qsx = - 250 +10 PX, the equivalent price is:
- The correct option is (d) 30,50
Explanation:
- Suppose we have two simple numbers for supply and demand.
- Qd = 200– 5P. Qs = -250 + 10P.
- To find out where QS = Qd we add two scales together.
- 200-5P = 150 + 10P. 20 + 10 = 3P.
The line value requirement is expressed mathematically as:
- In these calculations, a ’indicates the absolute need at zero value.
- If the values of a ’and b are known, the asset’s value in any particular price can be calculated using the figure given above.
- For example, let us consider a = 50, b = 2.5, and P x = 10.
- When a demand schedule is inserted into a graph, it produces the desired curve that is linear.
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