Economy, asked by yazhini89, 10 months ago

The demand and supply functions of a good are given by QD = 110 − 5P; QS = 6P where P, QD and QS denote price, quantity demanded and quantity supplied, respectively. Find the inverse demand and supply functions and the market equilibrium price and quantity.

Answers

Answered by ayush8567

0

Answer:

Qd=110-5p

5p=110-Qd

P= 110-Qd

Qs= 6p

P= Qs/6

3. Find the equilibrium price and quantity

Solve simultaneously.

Qd=110-5p

Previous Question

Next Question

Similar questions

Computer Science, 5 months ago

ehich is not an peripheral device- a)mouse b)keyboard c)SD card d)joystick ...

Social Sciences, 5 months ago

वह स्थान जहाँ सितम्बर, 1929 में पण्डित जवाहर लाल नेहरू की अध्यक्षता में कांग्रेस अधिवेशन हुआ D-1...

English, 5 months ago

1. What he paid is not known to me.

Math, 10 months ago

Ms .gupta 24. 36 m .of cloth she made a dress using 2.14 m.of cloth . she use the remaining cloth to make 3shirts how much cloth did she used for each shirt?

Chemistry, 10 months ago

Please help me out Q1>Type and Help: a) Reactivity series of metal b) Name of element and its symbol (First 20 elements only) Thank you...

Math, 1 year ago

what is divisiblity rule of 12.

Physics, 1 year ago

how many planets in solar system ...

Physics, 1 year ago

UULLINIC PUWER ors? ppliances them in nected in 63) Which has a greater resistance, 1 kW electric heater or a 100 W filament bulb, both marked for 220 V? 64) What determines the rate at which energy is delivered by a current? 65) In how much time will a bulb of 100 W consume an energy of 2 kWh? 66) An electric bulb is rated 220 V and 100 W. Calculate the power consumed when it is operated on 110...