Qs = 100 + 5P
(i)
Mathematics, 30.05.2021 16:30 3steves
(b) Assume the following demand and supply functions
Qd = 500 - 3P
Qs = 100 + 5P
(i)
Calculate the equilibrium price and quantity
Calculate consumer's surplus
(ii)โ
Answers: 1
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You know the right answer?
(b) Assume the following demand and supply functions
Qd = 500 - 3P
Qs = 100 + 5P
(i)
Qs = 100 + 5P
(i)
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