The demand curve in the market for meat is described by the equation Qd=280−70PQd=280−70P, and the supply curve is described by the equation Qs=56+42PQs=56+42P, where P is the price measured in a national currency and Q is the quantity of kilograms of meat. Calculate the equilibrium price in this market. Enter

Macroeconomics
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ISBN:9781337617390
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Chapter3: Supply And Demand: Theory
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The demand curve in the market for meat is described by the equation Qd=280−70PQd=280−70P, and the supply curve is described by the equation Qs=56+42PQs=56+42P, where P is the price measured in a national currency and Q is the quantity of kilograms of meat.

Calculate the equilibrium price in this market. Enter the exact value. Do not round.

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