Find the price and quantity at market equilibrium

/in /by

The relationship between the total number xd of unit of a good demanded per week and price of

Shs P per unit is given by ;-

P= 500 ? 2.5Xd

The total number Xs of units which the market is willing to supply each week at a price of shs.P per unit is thought to be of the form.

Xs = ap2 +b where a and b are constants. and the following have been observed.

P 30 60 Xs 1940 248.

i) Determine Xs in term of P. (4mks) ii) Find the price and quantity at market equilibrium (6mks). b) Solve the equation ;-

(2×2-x)2-9(2×2-x)+18=0 (10mks)

E-N-D

 

PLACE THIS ORDER OR A SIMILAR ORDER WITH BEST NURSING TUTORS TODAY AND GET AN AMAZING DISCOUNT

get-your-custom-paper

The post Find the price and quantity at market equilibrium appeared first on BEST NURSING TUTORS .

 
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.