Answer to Question #86440 in Microeconomics for Jabu

Question

1.what are the equilibrium price and quantity?
2. If Y = 35000 and Pr=20. Draw the precise demand curve for product x
3. What are the equilibrium price and quantity if other aspects remain the same, the income and the price of the related product are at their original levels and the supply curve shifts to Qs=-360+10Px?

Answer 1

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