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Answer to Question #201395 in Microeconomics for Motsatsi
Question #201395
If tge equation for a market demand curve is Qd=100-0,5P and the equation for a market supply curve is Qs=-20+P, the market equilibrium price is
Expert's answer
Equilibrium happens when supply and demand is equal;
"Qd=Qs"
"100-0.5P=-20+P"
"P=80"
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