ANSWER TO THE Q.N-1
--------------------------------
Demand is the number of customers who are willing and able to buy products at different prices over some time. The demand for any product means the desire of the customer to deliver better, the desire and ability to pay for it.

Supply is the number of goods or services that suppliers wish to offer to customers at a given price level over a while.


ANSWER TO THE Q.N-2
--------------------------------------
Market Equilibrium is a market state where market supply equals market demand.


ANSWER TO THE Q.N-3
----------------------------------
Given that,
Qd = 80-4p
Qs = 60+4p

Market equilibrium
Qd = Qs
=> 80-4p = 60+4p
=> -4p-4p = 60-80
=> -8p = -20
=> 8p = 20
=> p = 20/8
∴ P* = 2.5

Now, put p = 2.5 in Qd function-
So, Q = 80-4(2.5)
= 80-10
= 70
∴ Q* = 70

Ans: to the question no-1:

Demand is the number of customers who are willing and able to buy products at different prices over some time. The demand for any product means the desire of the customer to deliver better, the desire and ability to pay for it.

Supply is the number of goods or services that suppliers wish to offer to customers at a given price level over a while.


Ans: to the question no-2:

Market Equilibrium is a market state where market supply equals market demand.


Ans: to the question no-3:

Given that,
Qd = 80-4p
Qs = 60+4p

Market equilibrium
Qd = Qs
=> 80-4p = 60+4p
=> -4p-4p = 60-80
=> -8p = -20
=> 8p = 20
=> p = 20/8
∴ P* = 2.5

Now, put p = 2.5 in Qd function-
So, Q = 80-4(2.5)
= 80-10
= 70
∴ Q* = 70

Ans: to the question no-1:

Demand is the number of customers who are willing and able to buy products at different prices over some time. The demand for any product means the desire of the customer to deliver better, the desire and ability to pay for it.

Supply is the number of goods or services that suppliers wish to offer to customers at a given price level over a while.


Ans: to the question no-2:

Market Equilibrium is a market state where market supply equals market demand.


Ans: to the question no-3:

Given that,
Qd = 80-4p
Qs = 60+4p

Market equilibrium
Qd = Qs
=> 80-4p = 60+4p
=> -4p-4p = 60-80
=> -8p = -20
=> 8p = 20
=> p = 20/8
∴ P* = 2.5

Now, put p = 2.5 in Qd function-
So, Q = 80-4(2.5)
= 80-10
= 70
∴ Q* = 70

Ans: to the question no-1:

Demand is the number of customers who are willing and able to buy products at different prices over some time. The demand for any product means the desire of the customer to deliver better, the desire and ability to pay for it.

Supply is the number of goods or services that suppliers wish to offer to customers at a given price level over a while.


Ans: to the question no-2:

Market Equilibrium is a market state where market supply equals market demand.


Ans: to the question no-3:

Given that,
Qd = 80-4p
Qs = 60+4p

Market equilibrium
Qd = Qs
=> 80-4p = 60+4p
=> -4p-4p = 60-80
=> -8p = -20
=> 8p = 20
=> p = 20/8
∴ P* = 2.5

Now, put p = 2.5 in Qd function-
So, Q = 80-4(2.5)
= 80-10
= 70
∴ Q* = 70

Demand: Demand refers a consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service.

Supply: Supply is the goods or service provided by supplier to consumer.

Market Equilibrium: Market Equilibrium is the state where demad and supply is same.

ans-3
using Market Equilibrium formula,
Qd=Qs
80-4p=60+4p
8p=20
p=2.5

putting the value of p to Qd
Qd=80-4*2.5
Qd=70
again
Qs=6o+4p
Qs=60+10=70

Q*=70

ANSWER TO THE Q.N-1
--------------------------------
Demand is the number of customers who are willing and able to buy products at different prices over some time. The demand for any product means the desire of the customer to deliver better, the desire and ability to pay for it.

Supply is the number of goods or services that suppliers wish to offer to customers at a given price level over a while.


ANSWER TO THE Q.N-2
--------------------------------------
Market Equilibrium is a market state where market supply equals market demand.


ANSWER TO THE Q.N-3
----------------------------------
Given that,
Qd = 80-4p
Qs = 60+4p

Market equilibrium
Qd = Qs
=> 80-4p = 60+4p
=> -4p-4p = 60-80
=> -8p = -20
=> 8p = 20
=> p = 20/8
∴ P* = 2.5

Now, put p = 2.5 in Qd function-
So, Q = 80-4(2.5)
= 80-10
= 70
∴ Q* = 70

191-15-2375

Ans: to the question no-1:

Demand is the number of customers who are willing and able to buy products at different prices over some time. The demand for any product means the desire of the customer to deliver better, the desire and ability to pay for it.

Supply is the number of goods or services that suppliers wish to offer to customers at a given price level over a while.


Ans: to the question no-2:

Market Equilibrium is a market state where market supply equals market demand.


Ans: to the question no-3:

Given that,
Qd = 80-4p
Qs = 60+4p

Market equilibrium
Qd = Qs
=> 80-4p = 60+4p
=> -4p-4p = 60-80
=> -8p = -20
=> 8p = 20
=> p = 20/8
∴ P* = 2.5

Now, put p = 2.5 in Qd function-
So, Q = 80-4(2.5)
= 80-10
= 70
∴ Q* = 70

Answer to the question no-1:

Demand is the number of customers who are willing and able to buy products at different prices over some time. The demand for any product means the desire of the customer to deliver better, the desire and ability to pay for it.

Supply is the number of goods or services that suppliers wish to offer to customers at a given price level over a while.


Ans: to the question no-2:

Market Equilibrium is a market state where market supply equals market demand.


Ans: to the question no-3:

Given that,
Qd = 80-4p
Qs = 60+4p

Market equilibrium
Qd = Qs
=> 80-4p = 60+4p
=> -4p-4p = 60-80
=> -8p = -20
=> 8p = 20
=> p = 20/8
∴ P* = 2.5

Now, put p = 2.5 in Qd function-
So, Q = 80-4(2.5)
= 80-10
= 70
∴ Q* = 70

191-15-2727

1.Demand:
A demand is something that is willing and able to buy.

The law of demand is one of the most fundamental concepts in economics. It works with the law of supply to explain how market economies allocate resources and determine the prices of goods and services that we observe in everyday transactions.

Supply:

Supply is a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers. Supply can relate to the amount available at a specific price or the amount available across a range of prices if displayed on a graph. This relates closely to the demand for a good or service at a specific price; all else being equal, the supply provided by producers will rise if the price rises because all firms look to maximize profits.

2.Market equilibrium:
Market equilibrium is a market state where the supply in the market is equal to the demand in the market. The equilibrium price is the price of a good or service when the supply of it is equal to the demand for it in the market.

3.Given that,
Qd = 80-4p
Qs = 60+4p

Market equilibrium
Qd = Qs
=> 80-4p = 60+4p
=> -4p-4p = 60-80
=> -8p = -20
=> 8p = 20
=> p = 20/8
∴ P* = 2.5

Now, put p = 2.5 in Qd function-
So, Q = 80-4(2.5)
= 80-10
= 70
∴ Q* = 70

Ans: to the question no-1:

Demand is the number of customers who are willing and able to buy products at different prices over some time. The demand for any product means the desire of the customer to deliver better, the desire and ability to pay for it.

Supply is the number of goods or services that suppliers wish to offer to customers at a given price level over a while.


Ans: to the question no-2:

Market Equilibrium is a market state where market supply equals market demand.


Ans: to the question no-3:

Given that,
Qd = 80-4p
Qs = 60+4p

Market equilibrium
Qd = Qs
=> 80-4p = 60+4p
=> -4p-4p = 60-80
=> -8p = -20
=> 8p = 20
=> p = 20/8
∴ P* = 2.5

Now, put p = 2.5 in Qd function-
So, Q = 80-4(2.5)
= 80-10
= 70
∴ Q* = 70

Ans: to the question no-1:

Demand is the number of customers who are willing and able to buy products at different prices over some time. The demand for any product means the desire of the customer to deliver better, the desire and ability to pay for it.

Supply is the number of goods or services that suppliers wish to offer to customers at a given price level over a while.


Ans: to the question no-2:

Market Equilibrium is a market state where market supply equals market demand.


Ans: to the question no-3:

Given that,
Qd = 80-4p
Qs = 60+4p

Market equilibrium
Qd = Qs
=> 80-4p = 60+4p
=> -4p-4p = 60-80
=> -8p = -20
=> 8p = 20
=> p = 20/8
∴ P* = 2.5

Now, put p = 2.5 in Qd function-
So, Q = 80-4(2.5)
= 80-10
= 70
∴ Q* = 70

Ans: to the question no-1:

Demand is the number of customers who are willing and able to buy products at different prices over some time. The demand for any product means the desire of the customer to deliver better, the desire and ability to pay for it.

Supply is the number of goods or services that suppliers wish to offer to customers at a given price level over a while.


Ans: to the question no-2:

Market Equilibrium is a market state where market supply equals market demand.


Ans: to the question no-3:

Given that,
Qd = 80-4p
Qs = 60+4p

Market equilibrium
Qd = Qs
=> 80-4p = 60+4p
=> -4p-4p = 60-80
=> -8p = -20
=> 8p = 20
=> p = 20/8
∴ P* = 2.5

Now, put p = 2.5 in Qd function-
So, Q = 80-4(2.5)
= 80-10
= 70
∴ Q* = 70

Ans: to the question no-1:

Demand is the number of customers who are willing and able to buy products at different prices over some time. The demand for any product means the desire of the customer to deliver better, the desire and ability to pay for it.

Supply is the number of goods or services that suppliers wish to offer to customers at a given price level over a while.


Ans: to the question no-2:

Market Equilibrium is a market state where market supply equals market demand.


Ans: to the question no-3:

Given that,
Qd = 80-4p
Qs = 60+4p

Market equilibrium
Qd = Qs
=> 80-4p = 60+4p
=> -4p-4p = 60-80
=> -8p = -20
=> 8p = 20
=> p = 20/8
∴ P* = 2.5

Now, put p = 2.5 in Qd function-
So, Q = 80-4(2.5)
= 80-10
= 70
∴ Q* = 70

Ans: to the question no-1:
------------------------------------

Demand is the number of customers who are willing and able to buy products at different prices over some time. The demand for any product means the desire of the customer to deliver better, the desire and ability to pay for it.

Supply is the number of goods or services that suppliers wish to offer to customers at a given price level over a while.


Ans: to the question no-2:
--------------------------------------

Market Equilibrium is a market state where market supply equals market demand.


Ans: to the question no-3:

Given that,
Qd = 80-4p
Qs = 60+4p

Market equilibrium
Qd = Qs
=> 80-4p = 60+4p
=> -4p-4p = 60-80
=> -8p = -20
=> 8p = 20
=> p = 20/8
∴ P* = 2.5

Now, put p = 2.5 in Qd function-
So, Q = 80-4(2.5)
= 80-10
= 70
∴ Q* = 70

Answer to the question no- 1 

Demand is the number of customers who are willing and able to buy products at different prices over some time. The demand for any product means the desire of the customer to deliver better, the desire and ability to pay for it.

Supply is the number of goods or services that suppliers wish to offer to customers at a given price level over a while.

Answer to the question no- 2 

Market Equilibrium is a market state where market supply equals market demand.


Ans: to the question no-3:

Given that,
Qd = 80-4p
Qs = 60+4p

Market equilibrium
Qd = Qs
=> 80-4p = 60+4p
=> -4p-4p = 60-80
=> -8p = -20
=> 8p = 20
=> p = 20/8
∴ P* = 2.5

Now, put p = 2.5 in Qd function-
So, Q = 80-4(2.5)
= 80-10
= 70
∴ Q* = 70

Ans: to the question no-1:

Demand is the number of customers who are willing and able to buy products at different prices over some time. The demand for any product means the desire of the customer to deliver better, the desire and ability to pay for it.

Supply is the number of goods or services that suppliers wish to offer to customers at a given price level over a while.


Ans: to the question no-2:

Market Equilibrium is a market state where market supply equals market demand.


Ans: to the question no-3:

Given that,
Qd = 80-4p
Qs = 60+4p

Market equilibrium
Qd = Qs
=> 80-4p = 60+4p
=> -4p-4p = 60-80
=> -8p = -20
=> 8p = 20
=> p = 20/8
∴ P* = 2.5

Now, put p = 2.5 in Qd function-
So, Q = 80-4(2.5)
= 80-10
= 70
∴ Q* = 70

Ans: to the question no-1:

Demand is the number of customers who are willing and able to buy products at different prices over some time. The demand for any product means the desire of the customer to deliver better, the desire and ability to pay for it.

Supply is the number of goods or services that suppliers wish to offer to customers at a given price level over a while.


Ans: to the question no-2:

Market Equilibrium is a market state where market supply equals market demand.


Ans: to the question no-3:

Given that,
Qd = 80-4p
Qs = 60+4p

Market equilibrium
Qd = Qs
=> 80-4p = 60+4p
=> -4p-4p = 60-80
=> -8p = -20
=> 8p = 20
=> p = 20/8
∴ P* = 2.5

Now, put p = 2.5 in Qd function-
So, Q = 80-4(2.5)
= 80-10
= 70
∴ Q* = 70

Ans: to the question no-1:

Demand is the number of customers who are willing and able to buy products at different prices over some time. The demand for any product means the desire of the customer to deliver better, the desire and ability to pay for it.

Supply is the number of goods or services that suppliers wish to offer to customers at a given price level over a while.


Ans: to the question no-2:

Market Equilibrium is a market state where market supply equals market demand.


Ans: to the question no-3:

Given that,
Qd = 80-4p
Qs = 60+4p

Market equilibrium
Qd = Qs
=> 80-4p = 60+4p
=> -4p-4p = 60-80
=> -8p = -20
=> 8p = 20
=> p = 20/8
∴ P* = 2.5

Now, put p = 2.5 in Qd function-
So, Q = 80-4(2.5)
= 80-10
= 70
∴ Q* = 70

ANSWER TO THE Q.N-1

Demand is the number of customers who are willing and able to buy products at different prices over some time. The demand for any product means the desire of the customer to deliver better, the desire and ability to pay for it.

Supply is the number of goods or services that suppliers wish to offer to customers at a given price level over a while.


ANSWER TO THE Q.N-2

Market Equilibrium is a market state where market supply equals market demand.


ANSWER TO THE Q.N-3

Given that,
Qd = 80-4p
Qs = 60+4p

Market equilibrium
Qd = Qs
=> 80-4p = 60+4p
=> -4p-4p = 60-80
=> -8p = -20
=> 8p = 20
=> p = 20/8
∴ P* = 2.5

Now, put p = 2.5 in Qd function-
So, Q = 80-4(2.5)
= 80-10
= 70
∴ Q* = 70