Question

d = 26 - 8P and the supply is given as Qs = -16 + 6P. You are told equilibrium is obtained at the point where Qd = Qs. The equilibrium quantity for the product is 

Answer 1

$Q_d=26-8P,$

$Q_s=-16+6P,$

$Q_d=Q_s,$

$P=3,$

$Q_d=Q_s=2.$