Draw the market supply and demand curves

Reference no: EM131789095

Question: A mango Supply and Demand for a tropical country are given by;

Demand: P = 50 - (QD) and supply: P = 25 + (QS) where QD = quantity demanded of mangoes and QS = quantity supplied of mangoes

1. Draw the market supply and demand curves. What are the efficient price and efficient quantity? Explain the Jaw of supply and the law of demand.

Reference no: EM131789095

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