The demand for air conditioners is P=3,500 - 100Q, The supply of air conditioners is P=2,500+40Q. What is the equilibrium price of an air conditioner and what is the equilibrium quantity of air conditioners per day? The equilibrium price is $ per air conditioner, and the equilibrium quantity is air conditioners per day. >>> Answer to the nearest whole number.
The demand for air conditioners is P=3,500 - 100Q, The supply of air conditioners is P=2,500+40Q. What is the equilibrium price of an air conditioner and what is the equilibrium quantity of air conditioners per day? The equilibrium price is $ per air conditioner, and the equilibrium quantity is air conditioners per day. >>> Answer to the nearest whole number.
Chapter4: Markets In Action
Section: Chapter Questions
Problem 6SQ
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