Answer in Economics for hlehJuly #229409

Question #229409

Q=200-2P+4i and Q=-50+3P

Expert's answer

If Q=200-2P+4i and Q=-50+3P, then in equilibrium:

$200-2P+4i =-50+3P,$

5P = 250 + 4i,

P = 50 + 0.8i.

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