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(i) Calculate the equilibrium price and quantity for the demand and supply curves of a particular commodity given by Qd=10-p and Qs=p (ii) What will happen when the market price is Rs. 7? (iii) What will happen when the market price is Rs. 3? |
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Answer» (i) Calculate the equilibrium price and quantity for the demand and supply curves of a particular commodity given by Qd=10-p and Qs=p |
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