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ECS2601 ASSESSMENT 3 SEMESTER 2 2024 BMZ Consider the following demand and supply functions: Demand: Qd = 440 - 40P, Supply: Qs = -120 + 40P. What is the equilibrium price and output? a. P = R3.33 and Q = 500. b. P = R7 and Q = 160. c. P = R4 and Q$2.84
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ECS2601 ASSESSMENT 3 SEMESTER 2 2024 BMZ Consider the following demand and supply functions: Demand: Qd = 440 - 40P, Supply: Qs = -120 + 40P. What is the equilibrium price and output? a. P = R3.33 and Q = 500. b. P = R7 and Q = 160. c. P = R4 and Q
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Course
Intermediate Microeconomics (ECS2601)
Institution
University Of South Africa (Unisa)
Book
Study Guide for Microeconomics
ECS2601 ASSESSMENT 3 SEMESTER 2 2024 BMZ
Consider the following demand and supply functions:
Demand: Qd = 440 - 40P, Supply: Qs = -120 + 40P. What is the equilibrium price and output?
a. P = R3.33 and Q = 500.
b. P = R7 and Q = 160.
c. P = R4 and Q = 280.
d. P = R3 and Q = 560.
T...
ECS2601 ASSIGNMENT 2 SEMESTER 2 2024 (IF YOU DONT GET 100% CONTACT US FOR A REFUND) 100% GUARANTEED Which is true about the output values of a production function? a. They represent only the valu...
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