Economy, asked by shraddhavaddi1p5vz8z, 1 year ago

find equilibrium price if qs=-20+3p and qd=220-5p.

Answers

Answered by sssrohit005p4c0ey
12
E=S=D 
Qs=Qd 

220-5p=-20+3p 
240=8p 
p=30 

Q=220-5(30) 
=70 

so it's equilibrium when p=30 and Q=70


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Answered by Anonymous
2
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E= S= D

Qs = Qd

by solving equation we get

P= 30

Put value of P in equation we get

Q = 70

so its the value of equillibrium price .
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