Question #113185

Graphically illustrate equilibrium Qd = 1800 - 10p and Qs = 200 + 10p

Expert's answer




1800−10p=200+10p1800-10p=200+10p


20p=160020p=1600


p=80p=80


Q=1800−10×80=1000Q=1800-10\times80=1000


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