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Economics
Market Demand and Supply
Quantity Demand at a Given Price
Assume the market demand of 500mls of mineral water is given by: P=9–0.25Qd and the market supply being Qs=-12+12P. What is the quantity demand if the price of mineral water is $6
1 answer
So, just solve for Qd in
6=9–0.25Qd
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