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The demand and supply equations of a certain commodity are 4q+7p=17 and p=q/3+7/4respectively, where p is the market price and q is the quantity. Then the equilibrium price and quantity are respectivelya)2,3/4b)3,1/2c)5,3/5d)none of theseCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared
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The demand and supply equations of a certain commodity are 4q+7p=17 and p=q/3+7/4respectively, where p is the market price and q is the quantity. Then the equilibrium price and quantity are respectivelya)2,3/4b)3,1/2c)5,3/5d)none of theseCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for The demand and supply equations of a certain commodity are 4q+7p=17 and p=q/3+7/4respectively, where p is the market price and q is the quantity. Then the equilibrium price and quantity are respectivelya)2,3/4b)3,1/2c)5,3/5d)none of theseCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of The demand and supply equations of a certain commodity are 4q+7p=17 and p=q/3+7/4respectively, where p is the market price and q is the quantity. Then the equilibrium price and quantity are respectivelya)2,3/4b)3,1/2c)5,3/5d)none of theseCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice The demand and supply equations of a certain commodity are 4q+7p=17 and p=q/3+7/4respectively, where p is the market price and q is the quantity. Then the equilibrium price and quantity are respectivelya)2,3/4b)3,1/2c)5,3/5d)none of theseCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.