What is the equilibrium price and the equilibrium quantity


Assignment Task: We are given the following supply and demand equations: QD = 50 - 2P and QS = 20 + 3P

a. What will be the quantity demanded at a price of $20?

b. What will be the quantity supplied at the price of $10?

c. What is the equilibrium price and the equilibrium quantity?

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Microeconomics: What is the equilibrium price and the equilibrium quantity
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