Demand function for a commodity is D = 44 - 7P and supply function S = 2P -10, then the equilibrium price is:
A) 4
B) 6
C) 8
D) 10
Correct Answer:
Verified
Q4: _ function was designed by J M
Q5: Given the consumption function C = a
Q6: Given the consumption function C = a
Q7: For equilibrium market, the condition is_
A)Demand >
Q8: Given TR = 10x, TC = 5x+2,
Q10: When the total revenue functions is R
Q11: The cost per output is given by
Q12: When elasticity of demand is 2, the
Q13: The Price elasticity of demand for a
Q14: The elasticity of demand for the demand
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents