3) The demand curve and the supply curve for the Toyota vehicles in Oman during the Covid-19 endemic situation given by Qd = 5500-2 and Qs = 3p-1300 respectively. a. Find the equilibrium prince and equilibrium quantity. b. What is the choke price for the Toyota vehicles in Oman?

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3) The demand curve and the supply curve for the Toyota vehicles in Oman during the Covid-19
endemic situation given by Qd = 5500-2 and Qs = 3p-1300 respectively.
a. Find the equilibrium prince and equilibrium quantity.
b. What is the choke price for the Toyota vehicles in Oman?
Transcribed Image Text:3) The demand curve and the supply curve for the Toyota vehicles in Oman during the Covid-19 endemic situation given by Qd = 5500-2 and Qs = 3p-1300 respectively. a. Find the equilibrium prince and equilibrium quantity. b. What is the choke price for the Toyota vehicles in Oman?
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