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    Product Demand Curve

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    A product's Demand Curve is: Qd=25-P and its Supply Curve is: Qs =10 + 2P

    a. When P = $20 WHAT is the difference, if any between Qd and Qs
    b. When P= 43, what is the difference if any between Qd and Qs
    c. What are the equilibrium values of P and Q.

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    https://brainmass.com/economics/general-equilibrium/product-demand-curve-equilibrium-values-125453

    Solution Preview

    a. When P = $20 WHAT is the difference, if any between Qd and Qs
    - Insert P = $20 in demand and supply curve expressions
    Qd = 25 - 20 = 5
    Qs = 10 + 2*20 = 50
    Difference is 50 - 5 = 45

    b. When P= 43, what is the difference if any between ...

    Solution Summary

    Solution shows the equilibrium values of P and Q.

    $2.49

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