For Each of the Following Sets of Supply and Demand

question 21

Essay

For each of the following sets of supply and demand curves,calculate equilibrium price and quantity.
a.Q_D = 2000 - 2P; Q_S = 2P
b.Q_D = 500 - P; Q_S = 50 + P
c.Q_D = 5000 - 10P; Q_S = -1000 + 5P

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Definitions:

Treasury Bill

Short-term U.S. government debt obligations backed by the Treasury Department with a maturity of less than one year.

Par Value

The face value of a bond or the stock value stated in the corporate charter, often used in legal documents.

Effective Annual Yield

Effective annual yield is the return on an investment expressed as an annualized rate, accounting for compounding over a period, providing a more accurate measure of profitability.