tw2008032 tw2008032

10-12-2022
Mathematics

Answered

original equations: S(p) = -200 + 50p and D(p) = 1060 - 55p
please find the equilibrium 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

Answer :

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