Question #275639

Qd = 20,000 - 3P Qs = 15,000 + 2P

calculate the equilibrium price and quantity


Expert's answer

Qd=Qs,  ⟹  Q_d=Q_s,\implies

P=1000,P=1000,

Q=17000.Q=17000.


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Place free inquiry
Calculate the price
Learn more about our help with Assignments: Microeconomics
Our fields of expertise
Submit Your Assignment. We Can Do It.
LATEST TUTORIALS
APPROVED BY CLIENTS
Finding a professional expert in "partial differential equations" in the advanced level is difficult. You can find this expert in "Assignmentexpert.com" with confidence. Exceptional experts! I appreciate your help. God bless you!
Canada #340153 on Dec 2023