eharrislife6012 eharrislife6012

22-01-2020
Business

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Suppose you can write generic supply and demand curves such that and . Equilibrium quantity is then given by

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ahmedanis900 ahmedanis900

26-01-2020

Answer:

Where Demand equals Supply

Explanation:

Whenever a Demand and Supply curve is drawn, the point where the two curves meet is the Equilibrium point. The price at this point is the Equilibrium Price and the Quantity at this point is the Equilibrium Quantity

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