Question

Find the equilibrium price and quantity when D=25 + 2p and S= 200 -3p

Answer 1

Qd$=$ Qs

25$+$ 2p$=$ 200$-$ 3p

2p$+$ 3p$=$ 200$-$ 25

5p$=$ 175

p$=$ 35

Q$=$ 25$+$ 2$($ 35$)$

25$+$70

Q$=$ 95