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.

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter4: Markets In Action
Section: Chapter Questions
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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.
Transcribed Image Text: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.
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