Question
Find the equilibrium quantity and price if the demand
and supply equations are as follows: Demand: Qd = 12 - P Supply: Qs = - 3 + 4 PSolution
Since At equilibrium, Qd = Qs Therefore, 12 – P = -3 + 4 P i.e., 15 = 5 P or, P = 3 and Q = 9 Snapshot from study notes of the ixamBee SEBI course covering this type of numerical
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