The demand and supply functions of commodity x are given as follows: Qd = 20- 2p, Qs = 6p - 12 where p = price, Qd = quantity demanded and Qs = quantity supplied. Determine the equilibrium price

Similar Questions

The relationship between tax rate and income which is relevant to a proportional tax is disputed by ...

When a worker earns more than the wage just sufficient to keep him in his job, the excess income is ...

As a firm increases its output, the average fixed cost ...

The most reliable and acceptable index of economic growth is the__________ ...

Age group (YEARS) Population 0 - 15 16 - 40 41 - 60 Over 60 ...

When the price of commodity A increases, the demand for commodity B decreases, then A and B are ...

All the following are the canons of taxation given by Adam Smith except ...

One-man business are popular in West Africa because of all the following except the ...

Which of the following is not an indicator of economic growth? ...

The production possibility curve (PPC) indicates that as more of one good is produced. ...