Question

Given the demand and supply equations, Qdx = 200 - 5Px and Qsx = - 250 + 10 Px, the equilibrium price is -

A.Rs.45

B.Rs.30

C.Rs.40.40

D.Rs.30.50​

Answer 1

Answer:

B.Rs.30

hope it help uh✅

Answer 2

The equilibrium price is Rs. 30

Given:

Qdx = 200-5Px

Qsx = - 250 + 10Px

To find:

The equilibrium price

Solution:

Qdx = 200-5Px

Qsx = - 250 + 10Px

The equilibrium price is the price of the product where the customer and the producer agree on the price at which they want to buy and sell the product.

According to the given statement,

$Qdx = Qsx$

$200-5Px = - 250 + 10Px$

$200 + 250 = 10Px + 5Px$

$450 = 15Px$

$Px = \frac{450}{15}$

$Px = 30$

Therefore, the equilibrium price (Px) is (B) Rs. 30