Answer to Question #320258 in Microeconomics for mosa

Question #320258

Qd = 600 -30P

Qs = -300 + 120P

What is the equilibrium price

Expert's answer

"Q_d=Q_s,"

"600-30P=-300+120P,"

"900=150P,"

"P=6,"

"Q_d=Q_s=420."

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