Answer to Question #86596 in Microeconomics for Janine

Question #86596
The demand function for product X is: Qd = 600 – 20Px + 0.02Y – 5Pr The supply function is: Qs = –300 + 10Px
Where:
Qd = the quantity of X demanded Qs = the quantity of X supplied Px = the price of product X Y = the average consumer income Pr = the price of the related product R

What is the equilibrium price an quantity
1
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2019-04-09T09:19:13-0400

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