Question

if demand function is Qd = 150 + 10p and supply function is S=300 -20p. Find the equilibrium price​

Answer 1

Answer:

p = 5

Explanation:

at equilibrium ,

Qd = S

150 + 10p = 300 - 20p

10p + 20p = 300 - 150

30p = 150

p= 150/30

p = 5

Answered by Gauthmath