Question

If the demand and supply curve for T-Shirts at Nagindas Store are:

D = 100 - 6P, S = 28 + 3P

Where P is the price of T-Shirts in dollars ($), what is the quantity of T-Shirt bought and sold at

equilibrium?

Q

Answer 1

$D=100-6P,$

$S=28+3P,$

$D=S,$

$100-6P=28+3P,$

$72=9P,$

$P=8,$

$D=S=52.$