Answer to Question #315793 in Microeconomics for ATOGUMBOYA RACHEL

Question

Consider the following equation:Qd=100-3p and Qs=0.5-100

Answer 1

$Q_d=100-3p,$

$Q_s=0.5p-100,$

$Q_d=Q_s,$

$100-3p=0.5p-100,$

$200=2.5p,$

$p=80,$

$Q_d=Q_s=140.$