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Answer to Question #170292 in Microeconomics for Prudence
Question #170292
Qs=18000+0.2p
Qd=2400-0.1p
Expert's answer
Market equilibrium occurs when "Q_d=Q_s":
Finally, we can find the equilibrium quantity:
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Comments
Dear Jacque Henrico, please use panel for submitting new questions
Good day, Can you please advise on a GRAPH for EQUILIBRIUM quantity calculation of Qs=18000+0.2P & QUANTITY DEMANDED Calcultuon Qd=2400-0.1P
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