76 361
Assignments Done
Successfully Done
In May 2019

Answer to Question #45003 in Macroeconomics for YOSEF ADAM

Question #45003
The inverse demand and supply function for a commodity are give by:
PX=0.25QX+6.25 and,QX=2Px-5,respectively.
a.Determine the equilibrium price and quantity.
b.Show your result with the help of diagram.
Expert's answer

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question

Privacy policy Terms and Conditions