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3 years ago

10

Suppose the price is $10, the quantity supplied is 50 units, and the quantity demanded is 100 units. For every $1 rise in price,

the quantity supplied rises by 5 units and the quantity demanded falls by 5 units. What is the equilibrium price and quantity?

1 answer:

aleksley [76]3 years ago

8 0

Answer:

500

Explanation:

5 x 100

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Explanation:

Solution

Recall that:

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Now,

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Thus,

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Answer:

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Answer:

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