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Karolina [17]
3 years ago
14

The President of a company that produces an electronic gadget and sells it in a competitive market observed that the demand for

the product is represented by a linear equation of the form P = 10 - .2Qd and the supply by P = .2Qs. He asked the Vice President for Marketing what P and Q will be at equilibrium?
Business
1 answer:
UkoKoshka [18]3 years ago
4 0

Answer and Explanation:

The computation is shown below:

Demand is

P = 10 - 0.2Qd

And

supply is

P = 0.2QS

Now as we know that

Equilibrium would be

Qd = Qs = Q

So

10-0.2Q = 0.2Q

0.4Q = 10

Q = 25 units is the equilibrium quantity

and P = 0.2Q

= 0.2 × 25

= $5 is the equilibrium price

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Answer:

b. Investors buy products in other countries.

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2 years ago
Green Corporation hires six individuals on January 4, 2019, all of whom qualify for the work opportunity credit. Three of these
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Read 2 more answers
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