Business
Business, 20.08.2021 01:00, moldybubblegum11

The demand and supply equations for a commodity (in free market) are given as: Qd=10-2p Qs = 4p-8 Given that P is in Naira; Qd and Os are in kg, Determine (i) The equilibrium price. (ii) The equilibrium quantity, (i) If the price (P) were to be N4.00, what will be the excess supply? (iii) If the price were fixed at N1.00, what will be the excess demand? b​

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The demand and supply equations for a commodity (in free market) are given as: Qd=10-2p Qs = 4p-8...

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