question archive The market demand and supply curves in a perfectly competitive industry are given by: Pd = 40 – Q/500 and Ps = -8 + Q/500 Calculate the equilibrium price and output in this industry Equilibrium price $ Equilibrium output
Subject:EconomicsPrice: Bought3
The market demand and supply curves in a perfectly competitive industry are given by: Pd = 40 – Q/500 and Ps = -8 + Q/500
Calculate the equilibrium price and output in this industry
Equilibrium price $
Equilibrium output