Question

the demand and supply function of a firm under perfectly competitive market are given below:D=25-5P ,S= -5-10P . Where D=quantity demanded, S=quantity supplied, and P=price . Find the equilibrium price,quantity demanded and quantity supplied ​

Answer 1

Answer:

At any other price, the quantity demanded does not equal the quantity supplied, so the market is not in equilibrium at that price. It should be ...