Question
For given a supply equation and demand equation for a product. If p represents price per unit in dollars and q represents the number of
For given a supply equation and demand equation for a product. If p represents price per unit in dollars and q represents the number of units per unit oftime, find the equilibrium point.
Supply equation is p=1/4q+10, demand equation is p=2280/q+20.
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Macroeconomics A European Perspective
Authors: Olivier Blanchard, Alessia Amighini, Francesco Giavazzi
4th Edition
1292360895, 9781292360898
