Question #338224

QD=100 000-5p




QD=-25000+20p




What is the price




What is the quantity demanded




What is the quantity supplies

1
Expert's answer
2022-05-09T14:51:38-0400

Qd=100000−5p,Q_d=100000-5p,

Qs=−25000+20p,Q_s=-25000+20p,

Qd=Qs,Q_d=Q_s,

100000−5p=−25000+20p,100000-5p=-25000+20p,

p=5000,p=5000,

Qd=Qs=75000.Q_d=Q_s=75000.


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Canada #334539 on Jan 2023