Econ101

• Internal Code :
• Subject Code : ECON101
• University :
• Subject Name: Economics

Table of Contents Question 1. Question 2. Question 3. References. Principles of Microeconomics - Question 1 1a) At the level of equilibrium, Quantity demanded= Quantity Supplied that is Qd=Qs Give, Quantity Demanded= 100-5P=5P 5P+5P=100 10P=100 Equilibrium Price =100/10 Equilibrium Price=$10  So, substituting the value of Equilibrium Price obtained to get the value of Equilibrium Quantity we get, Equili…