If market demand function is given as: `Q_("MD")=25-2P` and market supply as: `Q_("MS")=3P`, then what will be the equilibrium price and equilibrium quantity?

The are 10,000 identical individual buyers in the market for commodity X, each with a demand fucntion given by Qdx=12-2Px and 1,000 indentical producers of commodity X, each with a supply function given by Qsx=20Px. (i) Find the market demand function and the market supply function for commodity X. (ii) Obtain the equilibrium price and equilibrium quantity. (iii) Suppose the government decides to collect a tax of rupee 2 per unit sold from each of the 1,000 sellers of commodity X. What effect will this have on the equilibrium price and quantity of commodity X?

Suppose the demand and supply curve of commodity X in a perfectly competitive market are given by: q^(D)=700-p q^(S)=500+3p " for "pge15 =0 " for " 0 leplt15 Assume that the market consists of identical firms. Identify the reason behind the market supply of commodity X being zero at any price less than rupee 15. What will be the equilibrium price for this commodity? At equilibrium, what quantity of X will be produced?

Suppose the demand and supply curves of a Commodity X is given by the following two equations simultaneously: Qd = 200 - p , Qs = 50 + 2p (i) Find the equilibrium price and equilibrium quantity. (ii) Suppose that the price of a factor of production producing the commodity has changed, resulting in the new supply curve given by the equation: Qs'=80+2p Analyse the new equilibrium price and new equilibrium quantity as against the original equilibrium price and equilibrium quantity.

Suppose the functions of demand and supply curves of a commodity are given by : q^(D)=100-p q^(S)=60+p" for "pge15 =0" for "0leplt15 (i) What does p=15 indicate ? (ii) Find the equilibrium price and equilibrium quantity. (iii) Whether the given commodity comes under the category of viable industry. (iv) Calculate market demand and at price of rupee 16, there is excess demand.