Mathematics, 22.06.2020 00:57 jay5134
Suppose that the demand Q^Dand supply Q^Sfor maize meal in Kimberley is given by p=120-0.7Q^Dand p=3+0.2Q^S where the quantity is in thousands of kilograms and the price (p) is in rands per kilogram. Answer the following: Find the market equilibrium quantity, and the equilibrium price of maize meal. (2 marks)
Answers: 3
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Suppose that the demand Q^Dand supply Q^Sfor maize meal in Kimberley is given by p=120-0.7Q^Dand p=3...
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