find equilibrium price if qs=-20+3p and qd=220-5p.
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Answered by
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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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
hope it will help uh
plz Mark it as brainlist
follow me
shraddhavaddi1p5vz8z:
got the same answer
Answered by
2
________________________
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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