Answer to Question #315793 in Microeconomics for ATOGUMBOYA RACHEL

Question #315793

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

Expert's answer

"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."

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