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Other Fields Homework Help Economics Topic started by: Kyuubi on Jan 7, 2018



Title: In the following demand and supply functions, QD = quantity demanded, QS = quantity supplied, and P ...
Post by: Kyuubi on Jan 7, 2018
In the following demand and supply functions, QD = quantity demanded, QS = quantity supplied, and P = price.
QD = 100 - 3P;  QS = 10 + 2P
The equilibrium price and quantity are 18 and 46 respectively.

True or False?


Title: Re: In the following demand and supply functions, QD = quantity demanded, QS = quantity supplied, ...
Post by: aarron on Jan 7, 2018
TRUE