SOLUTION: Suppose the supply and demand equation are given as follow:
Demand: QD=112-2*p
Supply: QS=16+2*p
What's the equilibrium price? (Hint: enter your answer in 2 decimal places
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-> SOLUTION: Suppose the supply and demand equation are given as follow:
Demand: QD=112-2*p
Supply: QS=16+2*p
What's the equilibrium price? (Hint: enter your answer in 2 decimal places
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Question 1196379: Suppose the supply and demand equation are given as follow:
Demand: QD=112-2*p
Supply: QS=16+2*p
What's the equilibrium price? (Hint: enter your answer in 2 decimal places) Answer by ikleyn(52803) (Show Source):
