Answer in Microeconomics for yousii #342029

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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