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Kalifa Plc. is a national distributor of Dell Computers. The selling price and quantity of computers distributed are linearly related. Further, the company’s market analyst found out the following demand and supply functions for a particular year. Demand (DD): P = 3500 – 2q Supply (SS): -q = 950 – p a.Find the excess demand for computers at a price of Birr 1400. b.Find the excess supply of computers at a price of Birr 2100. c.Find the market equilibrium quantity. d.Find the market equilibrium price. e.Sketch the demand and supply functions.
Sagot :
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