Answer to Question #246700 in Macroeconomics for alex

Question #246700

Suppose the supply and demand curves for a particular product are given by: QS =-20+2P QD =100-2P. where QS and QD are quantities in units and P is the price per unit.

Expert's answer

"QS=QD\\\\-20+2P=100-2P\\\\4P=120\\\\P=30\\\\Q=40"

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