Question

The demand curve for the bottle of water is Qd=100-6P and the supply Qs=28+3P.what is the equilibrium price?

Answer 1

$Q_d=100-6P,$

$Q_s=28+3P,$

$Q_d=Q_s,$

$100-6P=28+3P,$

$72=9P,$

$P=8,$

$Q_d=Q_s=52.$