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Price per computer (RM) Quantity demanded per month Quantity supplied per month 7,000 2,000 14,000 6,000 6,000 12,000 5,000 10,000 10,000 4,000 14,000 8,000 3,000
Price per computer (RM) Quantity demanded per month Quantity supplied per month 7,000 2,000 14,000
6,000 6,000 12,000
5,000 10,000 10,000
4,000 14,000 8,000
3,000 18,000 6,000
- Plot the demand and supply curves on a graph paper and determine the equilibrium price and quantity of apartments.
- If price is set at RM6 000 per unit, will there be a shortage or surplus of computers in the market and by how much? Show this on the diagram.
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