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2. Given the market model, Qd = ls la = a - bP. (a, b > 0) Qs =-c+ P (c,d > 0) (a) Find the equilibrium price and quanti
Posted: Sat Mar 19, 2022 5:52 pm
by answerhappygod
- 2 Given The Market Model Qd Ls La A Bp A B 0 Qs C P C D 0 A Find The Equilibrium Price And Quanti 1 (107.35 KiB) Viewed 58 times
2. Given the market model, Qd = ls la = a - bP. (a, b > 0) Qs =-c+ P (c,d > 0) (a) Find the equilibrium price and quantity. Show these using graph.(4.5) (d) What restriction do we need for the equilibrium quantity to be positive? (2) (c) If b + d = 0 in the linear market model, does equilibrium solution exist? (3) (d) If b + d = 0, what conclusion about the equilibrium could be done regarding the position of the demand and supply curve? (3) DIDUTS (and whose respective prices are BDT