Question 1:

A local market for clay bricks has weekly demand described by P=1.59-0.0075Q and supply described by P=0.21+0.0014Q. Calculate the equilibrium quantity?

Question 2:

Demand for a good is given by P=34-2Q. The supply curve is given by P=19+3Q. Calculate the equilibrium price?

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Kritika KrishnakumarLv10

28 Sep 2019

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