Answer to Question #51510 in Economics for Sohair

Question #51510
The following relations describe the supply and demand for posters.

Qd = 65,000 – 10,000 P
Qs = -35,000 + 15,000P

Where Q is the quantity and P is the price of a poster, in dollars.

a. Complete the following table.

Price Qs Qd Surplus or Shortage
$6.00
5.00
4.00
3.00
2.00
1.00

b. What is the equilibrium price?
1
Expert's answer
2015-03-24T10:15:10-0400
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Comments

Sacdia
16.03.24, 22:25

Thanks teacher

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