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RANKA to Dm 300 Motorcycle Equilibrium Pecice and Quantity is determined at a point whose Quantity Demonded = Quantity Sapplied At medium level of Demand (om) Gg. Price is 20 Eg. Oty is 300 Similarly, when the Demand shifts eftward to DL e the equilibrium Price is to to and equilibrium Quantity is 300 Scanned with CamScanner
e of Demand line Increases, the new equilibrium Price is 30 and equilibrium Oty is 30. We conclude that as Demand changes the price of motorcycle ush also change beet as supply curme is perfectly inelastic fie Quantity Demanded remain fired at all poco fevel levels Scanned with CamScanner
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