Economy, asked by Sabika48991, 10 months ago

Given market demand qd=50-p and marketsupply p=qs+5

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Answered by lChanul

0

Answer:

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

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