75. 17) If the demand and supply equations = Qd = 100 – 4 P Qs = 60 +6 P What is the equilibrium Quantity is?

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Chapter6: Elasticities
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Problem 18P: Using the midpoint formula for calculating the elasticity of supply, if the price of a good rose...
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This multiple choice question from MACROECONOMICS course. just write for me the final answer.

75.
17) If the demand and supply equations are :
Qd = 100 – 4 P
Qs = 60 +6 P
What is the equilibrium Quantity is?
O a. 84
O b. 70
O c. 10
d. 60
Transcribed Image Text:75. 17) If the demand and supply equations are : Qd = 100 – 4 P Qs = 60 +6 P What is the equilibrium Quantity is? O a. 84 O b. 70 O c. 10 d. 60
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