Answered: Calculate the equilibrium quantity and…

Calculate the equilibrium quantity and equillibrum price given:- Demand equation:- P = 100Q-30 Supply equation:- P = 70Q + 90

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter3: Demand And Supply

Section: Chapter Questions

Problem 16RQ: What is the relationship between quantity Demanded and quantity supplied at equilibrium? What is the...

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Question

Calculate the equilibrium quantity and
equillibrum price given:-
Demand equation:-
P = 100Q-30
Supply equation:-
P = 70Q + 90

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