carleymay2384 carleymay2384

25-05-2023
Mathematics

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The demand curve and the supply curve for the Toyota vehicles in Oman during the Covid-19 endemic situation given by Qd = 5500 – 2p/5 and Qs = 3p - 1300 respectively.
a. Find the equilibrium prince and equilibrium quantity. (10 Marks)
b. What is the choke price for the Toyota vehicles in Oman? (5 Marks)

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