Question #135586
Am given Qd=40-49 % As=-16+4p
Solve algebraical and determine the Equilibrium price and Quantity.
1
Expert's answer
2020-09-29T09:10:53-0400

In equilibrium Qd = Qs, so:

40−49p=−16+4p,40 - 49p = -16 + 4p,

53p = 56,

p = 1.057,

Q=40−49×1.057=−11.77.Q = 40 - 49×1.057 = -11.77.


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