alemayehutamiru19 alemayehutamiru19

12-10-2022
Mathematics

Answered

The following relations describe monthly demand and supply relations for dry cleaning
services in the metropolitan area?
Qd = 500000 – 50000P
Qs = -100000 + 100000P
A, Calculate the market equilibrium price/output combination, show graphically
B, Calculate the surplus or shortage when P=3 and P= 6
C, Calculate price elasticity of demand at equilibrium price

Answer :

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