Answer to Question #59618 in Microeconomics for ali
D: P = 220 - 4Q
S: P = 40 + 2Q
If equilibrium quantity equals 30, we can plug the equilibrium quantity into ether demand or supply function and receive market equilibrium price.
P= 40 + 2*30=100
The equilibrium quantity equals 30, the equilibrium price equals 100.
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