Economy, asked by drrpkakati5420, 1 month ago

Find the market equilibrium price &quantity

Answers

Answered by UrDeewani

0

Question❓

➡️ Find the market equilibHere is how to find the equilibrium price of a product:

Use the supply function for quantity. You use the supply formula, Qs = x + yP, to find the supply line algebraically or on a graph. ...

Use the demand function for quantity. ...

Set the two quantities equal in terms of price. ...

Solve for the equilibrium price.rium price &quantity..

Answer✔

➡️

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