Question #349079

Find equilibrium price and quantity if;


P:8+1/3Qs


P:44-1/5Qd

1
Expert's answer
2022-06-08T08:06:39-0400

p1=p2,p_1=p_2,

8+1/3Q=44−1/5Q,8+1/3Q=44-1/5Q,

Q=67.5,Q=67.5,

p1=p2=30.5.p_1=p_2=30.5.


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Comments

Sumaila Salam
08.06.22, 15:50

I am most grateful for your assistance.

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