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Answer to Question #205938 in Accounting for jj mos
Question #205938
f the market for bread is described by the following equations Qd=210-0,6P and Qs=-96+1,1P what is the equilibrium price for bread?
Expert's answer
Equilibrium price;"Q_d=Q_s"
Equilibrium Price ;"210-0.6P=-96+1.1P"
"306=1.7P"
"P=180"
Equilibrium price(P) =180
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