Mw3spartan17
20.02.2021 •
Business
MacGuffins have a demand function of QD = 70 – P and a supply function of QS = 2P + 10. Determine the price at equilibrium
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Ответ:
20
Explanation:
For us to calculate the equilibrium price, we must equate the quantity demanded with the quantity supplied. In this case, Qd = Qs where,
QD = 70 – P
QS = 2P + 10.
QD = QS
70 - P = 2P + 10
70 - 10 = 2P + P
60 = 3P
P = 60/3
P = 20
The equilibrium price is 20
Ответ: