The demand function for a good is QD = 2000 −125P and its supply function is QS = −400 + 75P. At a price of $10, the marketfor this good exhibits:
| ||
| ||
|
答案回复可见
本帖隐藏的内容
答案:C
At P = $10, QD = 2000 − 125(10) = 750 and QS =−400 + 75(10) = 350. Quantity demanded is greater than quantity supplied atthis price, so the market exhibits excess demand.相关文章