Question 30
EasyOriginal questionIn a weekly vegetable market, the demand for a crate of tomatoes is and the supply is , where is the number of crates and the price in rupees.
How many crates of tomatoes change hands at the market's equilibrium?
Show the answer and explanation
CorrectNot quiteAnswer A
Correct answer: A
Explanation
At equilibrium demand price = supply price: .
, so .
Worth noting
40 divides 80 by 2, adding the slopes as .
- Concept
- Equilibrium quantity
- Typical timeTypical
- 90 s
- Your timeYours
- —
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