Question: Question ue {Aggregate demand, aggregate supply, and equilibrium analysis) [13 Marks] A dairy rm in the Free State province faeee the followmg market demand }[p]]

Question ue {Aggregate demand, aggregate supply, and equilibrium analysis) [13 Marks] A dairy rm in the Free State province faeee the followmg market

demand }[p]] and supply (S{p]} for fresh milk. Supposing that the market

demand for freshmilk is Dip} = 150 l].5p and the market supplyr

Question ue {Aggregate demand, aggregate supply, and equilibrium analysis) [13 Marks] A dairy rm in the Free State province faeee the followmg market demand }[p]] and supply (S{p]} for fresh milk. Supposing that the market demand for freshmilk is Dip} = 150 l].5p and the market supplyr for fresh milk is Sim) =51] + 5p. Let 1} denote the market price for fresh milk. Using the information given, solve for the following:

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