SUPPLY of GOODS matches demand.Now we substitute P=1000 we GETD = 25000 - 7 x 1000 = 18,000.S = 10000 + 8 x 1000 = 18,000We know that for the equilibrium price demand must be equal to the supply.Hence at the price of 1000, both demand and supply are equal at 18000.

"> SUPPLY of GOODS matches demand.Now we substitute P=1000 we GETD = 25000 - 7 x 1000 = 18,000.S = 10000 + 8 x 1000 = 18,000We know that for the equilibrium price demand must be equal to the supply.Hence at the price of 1000, both demand and supply are equal at 18000.

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If the demand curve for an electric toothbrush is D = 25000 - 7 P and supply curve is S = 10000 + 8 P, find the equilibrium Price?

Testing Subject World Geography in Testing Subject . 8 months ago

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The equilibrium price is where the SUPPLY of GOODS matches demand.Now we substitute P=1000 we GETD = 25000 - 7 x 1000 = 18,000.S = 10000 + 8 x 1000 = 18,000We know that for the equilibrium price demand must be equal to the supply.Hence at the price of 1000, both demand and supply are equal at 18000.

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Posted on 03 Nov 2024, this text provides information on Testing Subject related to World Geography in Testing Subject. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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