Answer to Question #128015 in Microeconomics for diana

Question #128015

demand: Q=25-0.5P supply: Q=10+P find the equillibrium price and quantity

Expert's answer

"Q_D=25-0.5p"

"Q_S=10+p"

"Q_D=Q_S"

"25-0.5p=10+p"

"1.5p=15"

"p=10"

"Q=20"

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