tw2008032 tw2008032

11-12-2022
Mathematics

contestada

original equations: S(p) = -200 + 50p and D(p) = 1060 - 55p please find the equilibrium price and quantity of the two equations. I think I already set up the equation for the equilibrium price here, though no guarantee that I did it right. Qd = 1060 - 55p = Qs = -200 + 50p

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