If the supply function for a commodity is given by and the dem and function is given by
P = -20q + 2500 find the point of market equilibrium.

To find the point of market equilibrium, we need both the **supply function** and the **demand function**. However, you have only provided the demand function: 

\[
P = -20q + 2500
\]

where:
- \( P \) represents the price,
- \( q \) represents the quantity demanded.

Since the supply function is missing, let's assume it takes a linear form similar to the demand function. The supply function is typically expressed as:

\[
P = a q + b
\]

where \( a \) and \( b \) are constants to be determined from the specific problem.

Please provide the supply function, and I can help you solve for the market equilibrium. In equilibrium, the quantity supplied equals the quantity demanded, meaning the prices from both the supply and demand functions will be equal.

Would you like to proceed with assumptions, or provide the supply function?

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Here are some relative questions:
1. What happens to the equilibrium if the demand function changes?
2. Can you explain how elasticity of demand affects equilibrium?
3. How does a shift in the supply curve impact market equilibrium?
4. What real-world factors can cause changes in supply and demand functions?
5. How would a tax on suppliers affect the market equilibrium?

**Tip**: In economics, the market equilibrium price and quantity are where the supply and demand curves intersect.

If the supply function for a commodity is given by and the demand function is given by P = -20q + 2500, find the point of market equilibrium.

Learn how to calculate the market equilibrium for a commodity given the demand function P = -20q + 2500. This problem explores the intersection of supply and demand curves using linear equations, key economic concepts, and equilibrium conditions. Suitable for undergraduate students in economics or mathematics.

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