Question #341531

Compute the equilibrium price of buko pie given the following equations :                              Qd = 750 - 15P Qs = -150 + 30P


1
Expert's answer
2022-05-16T13:40:03-0400

Qd=750−15P,Q_d=750-15P,

Qs=−150+30P,Q_s=-150+30P,

Qd=Qs,Q_d=Q_s,

900=45P,900=45P,

P=20,P=20,

Qd=Qs=450.Q_d=Q_s=450.


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Comments

Dana
16.05.22, 01:06

Thanks

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