If the market for bread is described by the following equations Qd=210-0,6P and Qs=-96+1,1P what is the equilibrium price for bread? Â
If the market for bread is described by the following equations: Qd = 210 - 0.6P and Qs = -96 + 1.1P, then the equilibrium price for bread is:
Qd = Qs,
210 - 0.6P = -96 + 1.1P,
1.7P = 306,
P = 180.
Comments
Leave a comment