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How do you find the equillibrium price and quantity using graphical and algebraic methods?
Wiki User
∙ 12y ago
The demand and supply schedules for carrots in a certain market are given below:
Price per ton Quantity demanded per month Quantity supplied per month
Sh. '000 (Thousands of tons) (Thousands of tons)
2 110.0 5.0
4 90.0 46.0
8 67.5 100.0
10 62.5 115.0
12 60.0 122.5
Determine the equilibrium quantity and price by graphical method.(4marks)
Wiki User
∙ 12y ago
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