demand and the supply
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Consider a market characterized by the following demand and supply conditions:
Demand: Px = 50 - 5QX
Supply: Px = 32 + QX.
Graph the demand and the supply. Label the axis and the equilibrium. The equilibrium
price and quantity are, respectively?
Looking on how to graph this.
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Solution Summary
This posting depicts demand and the supply clearly.
Education
- B. Sc., University of Nigeria
- M. Sc., London South Bank University
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