Question: Suppose the demand equation for computers by Teetan Ltd for the year 2017 is given by Qd=1200-P and the supply equation is given by Qs=120=3P.

Suppose the demand equation for computers by Teetan Ltd for the year 2017 is given by Qd=1200-P and the supply equation is given by Qs=120=3P. Find equilibrium price and analyses what would be teh excess demand or suppl if te price cahnges to RS. 400 and RS.120

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