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Home / Questions / Supply and demand – Equilibrium Price and Quantity The following relation describes the mo...

Supply and demand – Equilibrium Price and Quantity The following relation describes the monthly dema

Supply and demand – Equilibrium Price and Quantity

The following relation describes the monthly demand and
supply for a computer support service, catering to small businesses:

 

Qd = 3,000 – 10P

Qs = -1000 + 10P

 

2a) At what average monthly fee would demand equal zero?

 

2b) At what average monthly fee would supply equal zero?

 

2c) What are the equilibrium price and equilibrium quantity?

 

Apr 24 2020 View more View Less

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