For each of the following sets of supply and demand curves,calculate equilibrium price and quantity.
a.Q_D = 2000 - 2P; Q_S = 2P
b.Q_D = 500 - P; Q_S = 50 + P
c.Q_D = 5000 - 10P; Q_S = -1000 + 5P

Question

For each of the following sets of supply and demand curves,calculate equilibrium price and quantity. a.Q_D = 2000 - 2P; Q_S = 2P b.Q_D = 500 - P; Q_S = 50 + P c.Q_D = 5000 - 10P; Q_S = -1000 + 5P

Quizplus · Accepted Answer

The Answer of For each of the following sets of supply and demand curves,calculate equilibrium price and quantity. a.Q_D = 2000 - 2P; Q_S = 2P b.Q_D = 500 - P; Q_S = 50 + P c.Q_D = 5000 - 10P; Q_S = -1000 + 5P

For Each of the Following Sets of Supply and Demand