Question

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

Answer 1

$Q_d=750-15P,$

$Q_s=-150+30P,$

$Q_d=Q_s,$

$900=45P,$

$P=20,$

$Q_d=Q_s=450.$