Answer to Question #338153 in Microeconomics for Kiyu

Question #338153

If the given market demand and supply function are given as qd = 80-3p and qs = 9p-4

Expert's answer

"Q_d=80-3p,"

"Q_s=9p-4,"

"Q_d=Q_s,"

"80-3p=9p-4,"

"p=7,"

"Q_d=Q_s=59."

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