The individual demand and supply functio...

The individual demand and supply functions of a product are given as: Dx=10-2Px,Sx=20+2Px, where Px stands for price and Dx and Sx respectively stands for quantity demanded and quantity supplied. If there are 4,000 consuers and 1,000 firms in the market, then quantity demanded and supplied at the equilibrium price of rupay 2.

20000

22000

21000

24000

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The individual demand and supply functions of a product are given as: Dx=10-2Px,Sx=10+2Px, where Px stands for price and Dx and Sx respectively stands for quantity demanded and quantity supplied. If there are 4,000 consumers and 1,000 firms in the market, then equilibrium price will be :

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SANDEEP GARG-PRICE DETERMINATION AND SIMPLE APPLICATIONS-Multiple Choise Questions

Equilibrium price remains the same when :
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If decrease in supply is less than the decrease in demand, then:
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The individual demand and supply functions of a product are given as: ...
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The individual demand and supply functions of a product are given as: ...
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Which of the following situation does not lead to an increase in equil...
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The following diagram depicts the situation of :
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Price Floor is the price fixed by the government, which is:
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The following diagram represents the situation of:
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Choose the correct option, when supply increases and demand is prefect...
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When actual price of a commodity is less than equilibrium price, its p...
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In a commodity market, excess demand exists when:
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