What is quantity exchanged in competitive market equilibrium, Microeconomics

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What is quantity exchanged in competitive market equilibrium

Problem

Consider the market for cherries. The market demand curve for cherries is given by:

Qd = 577 - 10P

where Qd is the quantity demanded of cherries and P is the price (per kg) of cherries.

Assume that the market supply curve is given by the following:

Qs = 10p - 60

What is the quantity exchanged in the competitive market equilibrium?

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Microeconomics: What is quantity exchanged in competitive market equilibrium

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Microeconomics: What is quantity exchanged in competitive market equilibrium

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