The market for dvds has supply curve and demand curves, Ask an Expert

Economics

The market for DVDs has supply curve and demand curves given by P=2Qs and P=42-Qd, respectively.

A) Calculate the equilibrium price and quantity of the DVD market.

B) How many units will be traded at a price of $14? What participants (sellers or buyers) will be dissatisfied at this price? (Please also show it in the diagram.)

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91721657

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