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The demand and supply conditions of a product are represented by the following equations Aggregate Demand Q equals 15-0.3P Aggregate Supply Q equals 5- 0.1P Calculate the equilibrium price?
Wiki User
∙ 14y ago
aggregate demance=Q=15-0.3p and aggregate supply =5-0.1p calculate the equlibrium price
Wiki User
∙ 14y ago
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How do you calculate aggregate saving?
You can calculate aggregate saving by using the power of compounding. The earlier you start saving, the faster you can aggregate or compound your existing savings in the bank.
The demand and supply conditions of a product are represented by the following equations Aggregate Demand - Q equals 15-0.3P Aggregate Supply - Q equals 5- 0.1P Calculate the equilibrium price.?
To answer this question you need to find where supply and demand are equal. This can be done mathematically as follows Supply = 5- 0.1P Demand = 15-0.3P At equilibrium Supply = Demand ie 5-0.1P = 15-0.3P subtracting 5 from both sides give -0.1P = 10-0.3P adding 0.1P to each side gives 0 = 10-0.2P Rearranging gives 10 = 0.2P or P = 10/0.2 or P= 50 Check 5 - 0.1P = 5-5 = 0 and 15-0.3P = 15-15 = 0 Therefore equilibrium in this unusual example occurs at a price of 0 and a quantity of 50
How do you calculate the equilibrium level of GDP?
at the equilibrium level of GDP + formula
How do you calculate the equilibrium level of consumption?
you first have to culculate equilibrium level of income.
What is meant by aggregate demand and aggregate supply?
Aggregate simply means a collection of things. So aggregate demand is the total quantity of an economy's final good and services demanded at different price levels. Aggregate supply is the total quantity of final goods and services that firms in the economy want to sell at different price levels. These are used primarily in Macroeconomics to calculate how the economy is doing as a whole.
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How do you calculate aggregate saving?
You can calculate aggregate saving by using the power of compounding. The earlier you start saving, the faster you can aggregate or compound your existing savings in the bank.
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60.06
The demand and supply conditions of a product are represented by the following equations Aggregate Demand - Q equals 15-0.3P Aggregate Supply - Q equals 5- 0.1P Calculate the equilibrium price.?
To answer this question you need to find where supply and demand are equal. This can be done mathematically as follows Supply = 5- 0.1P Demand = 15-0.3P At equilibrium Supply = Demand ie 5-0.1P = 15-0.3P subtracting 5 from both sides give -0.1P = 10-0.3P adding 0.1P to each side gives 0 = 10-0.2P Rearranging gives 10 = 0.2P or P = 10/0.2 or P= 50 Check 5 - 0.1P = 5-5 = 0 and 15-0.3P = 15-15 = 0 Therefore equilibrium in this unusual example occurs at a price of 0 and a quantity of 50
How do you calculate the aggregate percentage?
so stuid
How do you calculate aggregate marks?
"Aggregate" simply means "sum of" so you just add them together.
How do you calculate the equilibrium level of GDP?
at the equilibrium level of GDP + formula
How do you calculate the equilibrium level of consumption?
you first have to culculate equilibrium level of income.
How do you calculate aggregate percentage of marks obtained in class twlveth in cbse for the year 2004?
You can calculate the aggregate percentage of marks obtained in class twelfth in CBSE for the year 2004 by calculating it using a calculator. You use the formula to calculate it.
How do you calculate aggregate expenditure?
AE=C+I+G+(X-M)
