Question #320258

Qd = 600 -30P

Qs = -300 + 120P

 What is the equilibrium price


1
Expert's answer
2022-03-30T03:30:33-0400

Qd=Qs,Q_d=Q_s,

600−30P=−300+120P,600-30P=-300+120P,

900=150P,900=150P,

P=6,P=6,

Qd=Qs=420.Q_d=Q_s=420.


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