WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
  1. Home
  2. Economics
  3. Ask a Question
  4. UNDER EQUILIBRIUM PRICE AND QUANTITY Given the demand and supply function Qd=55 - ⅓p Qs=...

UNDER EQUILIBRIUM PRICE AND QUANTITY Given the demand and supply function Qd=55 - ⅓p Qs=...

UNDER EQUILIBRIUM PRICE AND QUANTITY

Given the demand and supply function
Qd=55 - ⅓p
Qs= 10 + ⅔p
1. Determine the equilibrium price?
2. Determine the equilibrium quantity?
3. If the price is fixed at NGN15.00. what is the excess demand over supply?
4. If the price rises to NGN60.00 what is the excessive supply over demand?
In Economics
1 Answers Available
Asked by Praise on 6th November, 2022
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
To get notifications when anyone posts a new answer to this question,
Follow New Answers

Post an Answer

Please don't post or ask to join a "Group" or "Whatsapp Group" as a comment. It will be deleted. To join or start a group, please click here

{{ quote.posted_by.display_name }}
{{ settings.form_textarea_description }}
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
{{ text }}

Answers ({{ comment_count }})

Please wait...

{{ settings.no_comment_msg ? settings.no_comment_msg : 'There are no comments' }}
Ask Your Own Question

Quick Questions

See More Economics Questions
 
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts