abigailarasaratnam abigailarasaratnam

13-09-2022
Social Studies

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0 Quantity demanded and quantity supplied of a product respectively are 60 units and 30 units at price Rs. 30. Elasticity of demand and supply coefficiencies respectively are -1 and 1. Assurae the price falls untill Rs. 20. Draw the demand and supply curves accordingly and determine the equilibrium price ad quantity.

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