Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given. Supply: p=q + 30q Demand: p= - 2q + 10q+ 3300 The equilibrium quantity is q =(Round to the nearest whole number as needed ) %3D The equilibrium price is p= $ (Round to the nearest dollar as needed.)

Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given. Supply: p=q + 30q Demand: p= - 2q + 10q+ 3300 The equilibrium quantity is q =(Round to the nearest whole number as needed ) %3D The equilibrium price is p= $ (Round to the nearest dollar as needed.)

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter4: Supply And Demand: An Initial Look

Section: Chapter Questions

Problem 3TY

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