Question
Asked Oct 29, 2019
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Find the equilibrium price and quantity for the supply in demand and equations.

d(p)= 14,400-5p

s(p)= 1,500+2p

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Expert Answer

Step 1

Consider the given equations:

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d(p) 14400-5p s(p) -1500+ 2р

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Step 2

For equilibrium demand equal...

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d(p) s(p) 14400-5p 1500+2p 7p 12900 p 1842.86

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