17

17 at •upply is loss than ibnum pric•.o and quantity n price increases and quantity decreases. n price increases and quantity increases. demand and supply functions ot a product are given as = ds for price and DX and sx respectively stands quanuty re are 4,000 consumers and 1 ,OOO firms in the market. men and supply functions ot a product are given as. e js for price and DX and sx respective\y stands foc qua re are 4,000 consumers and ,OOO firms in the market, equilibrium price of 2. 22,000 (d) 24,000