Microeconomics Questions

If demand curve for an electric tooth brush is D=25000−7P and supply curve is S=10000+8P, find the equilibrium Price?

Match the characteristics with their market structure:
(a) MR = MP
(b) Elasticity of demand depends on pricing policies of rivals

In Economics, the term that is used to denote the net contribution made by a firm is called its:

If the price of an article decreases from Rs 100 to Rs 80, while the quantity demanded increases from Q
1
​
units to 4,600 units, and the point elasticity of demand is −0.75, find the value of Q
1
​
.

For each perfectly competitive firm in the long run