SOLUTION: The demand and supply equation for a commodity are given by
Demand: P=50-3D
Supply: P=14+1.5S
where P is the price of the commodity, D and S are the quantities demanded and
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-> SOLUTION: The demand and supply equation for a commodity are given by
Demand: P=50-3D
Supply: P=14+1.5S
where P is the price of the commodity, D and S are the quantities demanded and
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Question 729932: The demand and supply equation for a commodity are given by
Demand: P=50-3D
Supply: P=14+1.5S
where P is the price of the commodity, D and S are the quantities demanded and supplied at price P respectively. What is the difference between quantity supplied and that demanded when the price is R38.00? Answer by lynnlo(4176) (Show Source):
(