CDS 2014 (Question 8 )
Posted by MomoChan on
URL: http://discussion-forum.276.s1.nabble.com/CDS-2014-Question-8-tp7609145.html
By the method of elimination, I'm getting C.
Is eliminating the options given the price constraints the only way of solving it?
When I equate the Qd of P < 5 and Qs I'm getting P = 5.5 which is absurd. If I add all the demand functions I'm getting P = 8 which means the consumers in P < 5 and 5 ≤P≤7 brackets will exit.
URL: http://discussion-forum.276.s1.nabble.com/CDS-2014-Question-8-tp7609145.html
By the method of elimination, I'm getting C.
Is eliminating the options given the price constraints the only way of solving it?
When I equate the Qd of P < 5 and Qs I'm getting P = 5.5 which is absurd. If I add all the demand functions I'm getting P = 8 which means the consumers in P < 5 and 5 ≤P≤7 brackets will exit.
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