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unit-2-basic-economic-concepts

Unit-2 Basic Economic Concepts

In this unit we will first spell out the distinction between micro and macroeconomics.

Consider the following demand and supply schedules

What is equilibrium price and quantity?




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Learning Pundits Content Team

Written on Jun 26, 2019 6:04:32 PM

Equilibrium Price is Rs. 30; the equilibrium quantity demanded and supplied is 65 kg.