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Suppose we have the following market supply and demand scheduies for DVDS Price Quantity Supplied Quantity Demanded l 2 10 2 4 8 3 6
Suppose we have the following market supply and demand scheduies for DVDS Price Quantity Supplied Quantity Demanded l 2 10 2 4 8 3 6 6 4 8 4 5 10 2 1- Draw Demand Ciurve and Supply Curve (2 Marks} 2- Indicate the Market Equilibrium in the graph g=1 Marks) 3- Indicate the equilibrium quantity of DVDS? (1 marks} 4- Mat is the equilibrium price of DVDS? What will happen in these cases: a- demand curve if number of buyers decreases. b- If the income increases the Demand of DVDs will increase or decrease (DVD is a normal. c- What will happen to supply and supply curve if the price of resources and other inputs decreases. d- If the productivity increases, the supply of DVDs will decrease or increase
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