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Supply and demand curves for pears

The supply and demand curves for pears are

Qs = 10000P

QD = 25000-15000P

Where Qs is the quantity (tons) supplied, Qd is the quantity (tons) demanded, and P is the price per pear (in hundreds of dollars per ton).

a. Plot the supply and demand curve

b. What is the equilibrium price?

c. What is the equilibrium quantity?

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Macroeconomics: Supply and demand curves for pears

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Solution Preview :

Prepared by a verified Expert

Macroeconomics: Supply and demand curves for pears

Reference No:- TGS01746350

Have a Question? (oR Write a Review)

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Solution Preview :

Prepared by a verified Expert

Macroeconomics: Supply and demand curves for pears

Reference No:- TGS01746350

Recent Questions Asked Macroeconomics

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Q : Equilibrium price-volume of bread sales in the market

Q : Average total and marginal cost functions

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