Question
Find the equilibrium price and quantity given the following information : Demand function: Q=300100ln(P)Q=300100ln(P) Supply function: Q=100ln(P)Q=100ln(P) Select one: Q=150,P=4.48Q=150,P=4.48 Q=173,P=5.64Q=173,P=5.64 Q=68.3,P=2.71Q=68.3,P=2.71 Q=157.45,P=4.16Q=157.45,P=4.16 Q=131.4,P=3.72
Find the equilibrium price and quantity given the following information : Demand function: Q=300100ln(P)Q=300100ln(P) Supply function: Q=100ln(P)Q=100ln(P)
Select one:
Q=150,P=4.48Q=150,P=4.48
Q=173,P=5.64Q=173,P=5.64
Q=68.3,P=2.71Q=68.3,P=2.71
Q=157.45,P=4.16Q=157.45,P=4.16
Q=131.4,P=3.72
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The World Economy Geography, Business, Development
Authors: Frederick P. Stutz, Barney Warf
6th edition
321722508, 321722507, 978-0321722508
