Answer to Question #342029 in Microeconomics for yousii

Question #342029

A- Calculate the equilibrium price and the equilibrium quantity. Show all your work.

972 + 103.5P = 1722 – 141.5P

1722 – 141.5P = 972 + 103.5P

Expert's answer

"972+103.5P=1722-141.5P,"

"750=245P,"

"P=3.06,"

"Q=1288.8."

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