Question

Q2. Calculate equilibrium quantity and price through demand and supply curve analysis. What
impact will happen in the market if Price rises to 160 Rs.
Price
(per gallon)
100
120
140
160
180
200
220
Quantity demanded
Quantity supplied
(millions of gallons) (millions of gallons)
800
500
700
550
600
600
550
640
500
680
460
700
420
720​

Answer 1

Answer:

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Answer 2

Answer:

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