Economy, asked by ishikasharma212211a5, 18 days ago

The demand and supply equation for a product is given below: Y d = 100 – P Y s = 70 + 2P Determine the equilibrium price and quantity.

Answers

Answered by muskansharma0057

0

Answer:

100-P=70+2P

100-70=2P+P

30=3P

therefore,P=10

Explanation:

As at equilibrium supply is equal to demand

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