(Answered) Demand qd900-2p3pa04m15asupply qs45500-05pqd quantity

Economics

Demand: Qd=900-2P+3Pa+0.4M+1.5A

Supply: Qs=45500-0.5P

Qd = Quantity demanded

P = Price of Myvi car (in RM)

Pa = Price of Produa Asia (in RM)

M = Average consumer income (in RM)

A = Promotional expenses

Qs= Quantity demanded

Q1: Compute the equilibrium price and quantity demanded of Myvi cars if Pa=38,000, M=3,500 and A=10,000

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Business Economics, Economics

Category:- Business Economics
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