Answer to Question #324375 in Microeconomics for Tso

Question #324375

Qd=100-5p and Qs= -20+3p if the price is R10

Expert's answer

$Q_d=100-5p,$

$Q_s=-20+3p,$

$Q_d=Q_s,$

$100-5p=-20+3p,$

$120=8p,$

$p=15,$

$Q_d=Q_s=25.$

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