If demand function is Qd=150+10p and supply function is Qs=300-2p, find the equilibrium price.

asked Jun 18, 2022 191k views

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Answer:

qd = qs

150+10p=300-2p

10p+2p=300-150

Explanation:

12p=150

P=150÷12

P=12.5

The equilibrium price is 12.5 or 13

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