Company A has demand function q=2p+5, and supply function q=10p. What is equilibrium price and quantity

P=5/8Q=25/4

TE
Answered by Tom E. Economics tutor

1607 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

Explain what is meant by the rate of inflation and  analyse the main causes of inflation


Using Angola as an example, evaluate the view that MNCs play a positive role in the development of LEDCs. (25 marks)


Evaluate whether higher government spending will always increase inflation.


What causes aggregate demand to increase?


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences