Multiple Choice Questions on If demand curve for renting a car is D 90000 shy 23P and supply curve is S 9000 7P find the equilibr........... for SSC CHSL Preparation

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Multiple Choice Questions

If demand curve for renting a car is D 90000 shy 23P and supply curve is S 9000 7P find the equilibr...........

General Studies (CHSL) Indian Economy
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    If demand curve for renting a car is D = 90000 ­ 23P and supply curve is S = 9000 + 7P, find the equilibrium Price?

    Rs.1800

    Incorrect Answer

    Rs.900

    Incorrect Answer

    Rs.3600

    Incorrect Answer

    Rs.2700

    Correct Answer
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    Explanation:

    The equilibrium price is the market price where the quantity of goods supplied is equal to the quantity of goods demanded. This is the point at which the demand and supply curves in the market intersect.

    By: Barka Mirza
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