Economy, asked by Bunny399, 11 months ago

Given market demand 50-p and market supply qs+5, what is the market equilibrium price and quantity?

Answers

Answered by lChanul

0

Answer:

The market equilibrium price and quantity are: Qd = Qs, 50 - P = P - 5, ... If market price was fixed at $25 per unit, then there will be a shortage (Qd > Qs).

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