Helpplease50081 Helpplease50081

28-12-2022
Mathematics

Answered

Suppose the demand curve for an orange is given by the equation Q=-200p+1000

with quantity measured in oranges per day and price measured in dollars per oranage. The supply curve is Q=800P

Commute the equilibrium price

set the right-hand side of the equations equal to each other, and solve for P. Then substitute this P value into each equation, and solve for Q

Answer :

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