Question
At a unit price of KES 16,000, the demand of a product is 300 units and at a unit price of KES 48,000 the demand
At a unit price of KES 16,000, the demand of a product is 300 units and at a unit price of KES 48,000 the demand is 100 units. At a unit price of KES 30,000 the supply is 550 units and at a unit price of KES 50,000, the supply is 650 units. Determine the market equilibrium point
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Economics Principles and Policy
Authors: William J. Baumol, Alan S. Blinder
12th edition
978-0538453677, 538453672, 978-0538453622, 538453621, 978-0538453653
