1.

Consider a hypothetical demand and supply schedule of a commodity as given below: Price of Z(Rs.)246810Qd(in kg)10080604020Qs(in kg)20406080100 Draw a diagram, and find the equilibrium price and equilibrium quantity.

Answer»

Consider a hypothetical demand and supply schedule of a commodity as given below:

Price of Z(Rs.)246810Qd(in kg)10080604020Qs(in kg)20406080100

Draw a diagram, and find the equilibrium price and equilibrium quantity.



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