Demand function for a commodity is D = 44 – 7P and supply function S = 2P –10, then the equilibrium price is:

Related MCQs

• At a price of Rs11.00, quantity demanded is 90; and at a price of Rs.9.00, quantity demanded is 110. The price elasticity of demand is:
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• The Price elasticity of demand for a product is 1.5 and its MR = 8, find its price:
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• When elasticity of demand is 2, the demand will be:
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