Answer in Microeconomics for Zia #323186

Question #323186

Qd = 960 – 30P ; Qs = 60 + 60P *

Expert's answer

Q $_d$ = 960 – 30P

Q $_s$ = 60 + 60P

At Equilibrium, $Q_s= Q_d$

960 – 30P=60 + 60P

90P= 900

P= 10

Q= 960-30(10)

= 960-300

= 660

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