Answer to Question #338224 in Microeconomics for Hougs

Question #338224

QD=100 000-5p

QD=-25000+20p

What is the price

What is the quantity demanded

What is the quantity supplies

Expert's answer

"Q_d=100000-5p,"

"Q_s=-25000+20p,"

"Q_d=Q_s,"

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

"p=5000,"

"Q_d=Q_s=75000."

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