Multiple Choice Questions on The following are the demand and supply equations in a perfectly competitive market P 12 0 3 Qs P 40........... for UGC NET ( Commerce) Preparation

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Multiple Choice Questions

The following are the demand and supply equations in a perfectly competitive market P 12 0 3 Qs P 40...........

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    The following are the demand and supply equations in a perfectly competitive
    market : P=12+0.3 Qs
    P=40−0.4 Qd
    The equilibrium market price would be :

    24

    Correct Answer

    10

    Incorrect Answer

    40

    Incorrect Answer

    20

    Incorrect Answer
    Explanation:

    24

    By: santosh
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