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Mathematics 1
Mathematics 1 Deneme Sınavı
Mathematics 1 Deneme Sınavı Sorusu #1357130
Mathematics 1 Deneme Sınavı Sorusu #1357130
A smart TV brand SmartTV has a new product and they predict their demand function as a;
and ther supply function as a;
What is the market price of this product?
|
50 |
|
75 |
|
100 |
|
125 |
|
150 |
Yanıt Açıklaması:
The price of a product at the intersection point, provided that it is in the first quadrant, is called market price. We may easily find that the market price of the ne TV in question.
x is found as 50. When we put it on the demand or supply equations, we find market price as 125.
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