Need help solving equilibrium price and quantity for Econ 550 class. I am having problems computing.
Regression Equation: QD = - 5200 - 42P + 20PX + 5.2I + .20A + .25M
= -5200 - 42 (500) + 20 (600) + 5.2 (5500) + .20 (10000) + .25 (5000)
QD = 38650 - 42P
Quantity demanded = 17,650
Quantity Supply equation: Q = -7909.89 + 79.1P