Answered: he generalized demand for Pepsi is Qd…

he generalized demand for Pepsi is Qd = 200- 20p + 5m +2pr and m=50 and pr=15. If the Qs = -40 + 80p, what is the equilibrium price? Enter your price with 2 decimal places and

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter3: Supply And Demand: Theory

Section: Chapter Questions

Problem 1QP

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Question

The generalized demand for Pepsi is

Qd = 200- 20p + 5m +2pr and m=50 and pr=15.

If the Qs = -40 + 80p, what is the equilibrium price?

Enter your price with 2 decimal places and no dollar sign.

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