Answer to Question #341531 in Microeconomics for dana

Question #341531

Compute the equilibrium price of buko pie given the following equations : Qd = 750 - 15P Qs = -150 + 30P

Expert's answer

"Q_d=750-15P,"

"Q_s=-150+30P,"

"Q_d=Q_s,"

"900=45P,"

"P=20,"

"Q_d=Q_s=450."

Learn more about our help with Assignments: Microeconomics

Comments

Dana

16.05.22, 01:06

Thanks

Leave a comment

Related Questions

1. determine the equilibrium price and quantity supplied if the market supply of an industry is given b
2. According to the classical cash reserve system,which of the following statements is/are trueregardin
3. 1. A cement factory recently lowered its price from $60 to $40. As it did, the number of cement bags
4. Which of the following factors will cause a movement along the AD curve?a. The government decides to
5. Within the AD-AS model, what will be the impact of expansionary demand management policy on the econ
6. Which of the following statements is correct regarding the AD-AS model?a. In the simple Keynesian mo
7. According to the classical cash reserve system, which of the following statements is/are true regard