Find equilibrium price and equilibrium quanity in market


Suppose the supply of a good is given by the equation Qs=-200+2P and the demand for the good is given by the equestion

QD=1,400-2P, where quanity is measured in billions of units and price is measured in dollers per unit.

The equilibrium quanity in this market is_______________units, and the equilibrium price is_________ per unit.

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: Find equilibrium price and equilibrium quanity in market
Reference No:- TGS070202

Expected delivery within 24 Hours