The state of the market if market price was fixed at Birr 25 per unit is excess demand
<h3>Quantity demanded</h3>
Qd = 50 - p
p = Qs + 5
p - 5 = Qs
if market price was fixed at Birr 25 per unit?
Qd = 50 - p
= 50 - 25
Qd = 25
Qs = p - 5
= 25 - 5
Qs = 20
The state of the market if market price was fixed at Birr 25 per unit is excess demand (demand greater than supply) leading to an increase in price.
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Answer:
572,000 thats your answer
The expression which is equivalent to the given expression as in the task content is; 1.5 raised to the fifteenth power divided by 0.7 raised to the twelfth power.
<h3>What is the expression which is equivalent to the given expression?</h3>
According to the task content, it follows that the expression given is;
(1.5⁵/0.7⁴)³
= 1.5^(3×5) /0.7^(4×3)
= 1.5¹⁵/0.7¹².
Hence, the expression which is equivalent is; 1.5 raised to the fifteenth power divided by 0.7 raised to the twelfth power.
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