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Mathematics 1
Mathematics 1 Deneme Sınavı
Mathematics 1 Deneme Sınavı Sorusu #1357136
Mathematics 1 Deneme Sınavı Sorusu #1357136
A company has a new product which has a demand function,
and supply function,
What is the market price?
|
1500 |
|
1600 |
|
1700 |
|
1800 |
|
1900 |
Yanıt Açıklaması:
The price of a product at the intersection point, provided that it is in the first quadrant, is called market price.
When we put it on the demand or supply equations, we find market price as 1700.
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