1 Given market equilibrium of demand and supply of sugar,what happens to the level of equilibrium price and quantity if market demand increases by 50% while its supply increases by 40% ?
1
Expert's answer
2014-08-18T09:22:17-0400
The equilibrium price will increase by 50 - 40 =10% and equilibrium quantity will increase by 40 + 50 = 90%.
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
APPROVED BY CLIENTS
Finding a professional expert in "partial differential equations" in the advanced level is difficult.
You can find this expert in "Assignmentexpert.com" with confidence.
Exceptional experts! I appreciate your help. God bless you!
Comments
Leave a comment