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Answer to Question #101848 in Economics for Tola
Question #101848
A Demand function is giving as: [D=25-2P].
Calculate the quantity demand.
(D)if the price of the product (P) is #6.00.
Calculate the quantity demand.
(D)if the price of the product (P) is #6.00.
Expert's answer
If P = 6, then Qd = 25 - 2×6 = 13 units.
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