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Causes of Downward Sloping Demand Curve by Prabin Khanal is a document available to read on EtoBox.

Here are the solutions to the numerical questions: 1) If Qd= 80-2p and Qs= -20+3p. Find equilibrium price. Setting Qd=Qs, 80-2p=-20+3p 100-2p-3p=0 -5p=100 p=20 Equilibrium price is Rs. 20 2) Suppose Qd=1000-20p, Qs=100+40p a. Price Qd Qs 5 1000-100=900 100+200=300 10 1000-200=800 100+400=500 15 1000-300=700 100+600

Author

Prabin Khanal

Language

EN