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Mathematics, 08.03.2021 17:30 tiffanibell71
A company produces products for sale. The quantity demanded per month is 250 units if the price is pegged at 1400. When the price is reduced to 1100, the quantity demanded would rise to 1000 units. On the other hand, the quantity supplied to the market is 750 units at a price of 1000. If the price is lowered to Ksh 800, then the quantity supplied would reduce to 600 units. The supply and demand functions are known to be linear.
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