Question: Question ne {Aggregate demand, aggregate supply, and equilibrium analysis) [13 Marks] A dairy rm in the Free State province faces the following market demand [D~[p]]

Question ne {Aggregate demand, aggregate supply, and equilibrium analysis) [13 Marks] A dairy rm in the Free State province faces the following market demand [D~[p]] and supply (S) for esh milk. Supposing that the market demand for eshmilk is Dfpu} = 154] l].5p and the market supply sr fresh milk is S(p] =50 + 5p. Let p denote the market price for fresh milk. Using the information given, solve for the following: a Inverse market demand. (2) h. Inverse market supply. (2) Equilibrium quantity. (2) d. Equilibrium price. (2)

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