For the following questions answer them individually
If demand curve for radial car tyres is D = 230000 - 19P and supply curve is S = 180000 + 6P, find the equilibrium Quantity?
Match the characteristics with their market structure:
(a) Differentiated products, but close substitutes for consumers so their demand curves are elastic.
(b) Firm will tend to set output so that it earns maximum profits.
Quick, Easy and Effective Revision
By proceeding you agree to create your account
Free CAT Formulae PDF will be sent to your email address soon !!!
