Question #205732

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?  

1
Expert's answer
2021-06-11T11:47:37-0400
2100.6p=96+1.1p210-0.6p=-96+1.1p

1.1p+0.6p=210+961.1p+0.6p=210+96

1.7p=3061.7p=306

p=180p=180


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