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Answer to Question #323186 in Microeconomics for Zia
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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