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Demand for a product is given by Q = 100 - P and supply is given by Q = P - 10.If the quantity demanded rises by 10 units at every possible price,then the equilibrium price will
Marginal Product
The increase in output that results from adding one more unit of a specific input, while keeping other inputs constant.
Substitutability
The degree to which one good can be replaced by another in consumption or production without affecting consumer satisfaction or output.
Price Elasticity of Demand
A gauge of demand elasticity in reaction to price adjustments for a particular commodity.
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