Okay this is the first time I am doing economics (4 days now) and my teacher isn't teaching us as he is always out of class and is no help. The a** gave us a PAST PAPER question and all of the class is stumped. Can anyone help with this
suppose the demand curve for electricity for the time period 12 midnight to 6 am is P=150 - 10Qd where p is unit price (in dollars) of electricity and Q is the quantity(in millions of kilowatts). The supply curve in a horizontal line at p= 75 and the utility company supplying the electricity can only generate up to a capacity of 20 million
Also is there any economics books for Advance level(CAPE) that can I can teach myself from
suppose the demand curve for electricity for the time period 12 midnight to 6 am is P=150 - 10Qd where p is unit price (in dollars) of electricity and Q is the quantity(in millions of kilowatts). The supply curve in a horizontal line at p= 75 and the utility company supplying the electricity can only generate up to a capacity of 20 million
Also is there any economics books for Advance level(CAPE) that can I can teach myself from