For commodity X, the market demand is given by Qx = 50-10P and its market supply is Qx = +202.5P.The equilibrium price (P) and quantity (Q) will be respectively
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Tell how is it going to make an impact on quantity demanded? ... In order to get back the condition of consumer equilibrium, MU of a product has to be ... Q.3. Suppose there are two consumers in the market for a good and their demand ... dm (p) = 0 for 10 > 10/3. Q.5. Suppose the price elasticity of demand for a good is -0.2.
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