Answered: 3. Suppose the demand for down pillow…

3. Suppose the demand for down pillow is given QD=100-P, and that the supply of down pillow is given Q = 20+2P. a. Solve for the equilibrium price and quantity.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 2PA

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3. Suppose the demand for down pillow is given QD=100-P, and that the supply of down pillow is
given Q = 20+2P.
a. Solve for the equilibrium price and quantity.

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