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demand equations QD = 3550 - 20P supply equations QS = 1800 + 30P what is equilibrium price ?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter5: Elasticity

Section: Chapter Questions

Problem 16RQ: If demand is inelastic, will shifts in supply have a larger effect on equilibrium price or on...

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demand equations QD = 3550 - 20P

supply equations QS = 1800 + 30P

what is equilibrium price ?

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