For a certain commodity the demand equation giving “y” units for a price “p” in rupees per unit is y = 100 (10 – p). The supply equation giving the…
CA Foundation · Quantitative Aptitude · MTP · January 2025
For a certain commodity the demand equation giving “y” units for a price “p” in rupees per unit is y = 100 (10 – p). The supply equation giving the supply z units for a price “p” in rupees per unit is z = 75(p-3). The market price is such at which demand equals supply. Find the market price and quantity that will be brought and sold.
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. ₹ 7; 300 units
Topics: Part-A: Business Mathematics
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