samitecno4 samitecno4

03-01-2021
Business

contestada

Find out equilibrium price and output for the following market condition.
Demand function Qd--50-2P and
Supply function Qs = 3P

Respuesta :

evansakello2030 evansakello2030

03-01-2021

Answer:

At equilibrium demand is equal to supply therefore

Qd=Qs

50-2P=3P

By collecting like terms

50=3P+2P

50=5P

P=10

THEREFORE equilibrium price is 10

Explanation:

Answer Link

Otras preguntas

find rate a)the interest of Re.1 of 1 month is 1 paisa.b)the interest of re.1 of 1 month is 2 paisa

CAN SOMEONE PLEASE HELP ME ITS DUE TODAY

potassium hydroxide → potassium oxide + water - how do i balance this equation?

The perimeter of an equilateral triangle is p and the length of a side is s. The formula for s is s = p = 3 Find the length of a side when the perimeter is 21 c

Nos habituarnos Irene y yo a persistir solos en ella, lo que era una locura pues en esa casa podian vivir ocho personas sin estorbarse. Haciamos la limpieza por

Write an equation for the nth term of this sequence: 1/8, 1/4, 1/2, 1..

You have a job as a teacher. Your salary for the first year is $37,185. You will receive a 6% increase every year. Part A Would an arithmetic or geometric seque

PLEASE HELP ASAP 10. Mike and Pete together have $84.00. If Mike has $24.00, what is the ratio of Pete's amount to Mike's amount?

PLEASE HELP! I AM GIVING 100 POINTS AND WILL MARK BRAINLIST! 7.2.9 Practice: Complete Your Assignment Write a letter to the editor in response to Curtis Wilkie'

What are the similarities and differences in acting for film or theater production