Economics (theory and practice)

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Question 2.4. Competition and market models

Target 15
Population in Russia in 1997 amounted to 147.5 million. People, and employed population - 65.4 million. People. Determine the ratio of employment.

Problem 30
The demand function for N goods in country A is of the form D = 80-20p. Function proposals presented as S = -70 + 40p. The function of supply and demand in the country represented, respectively, as D = 60-10p and S = 30 + 20p. Determine the level of the world price (P) and sales volume in establishing trade relations between the two countries.



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