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

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

pur-new-sol

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