Top Posters
Since Sunday
L
3
d
3
y
3
a
3
n
3
d
3
e
3
d
3
c
3
p
3
M
3
a
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
hiusy98 hiusy98
wrote...
Go to Answer
Posts: 1526
Rep: 1 0
7 years ago
Assume the demand and supply functions for good X can be written as
Qd = 1000 - 40Px
Qs = -200 + 20Px
In this example, equilibrium price is $20 and the equilibrium quantity is 200.
Is this statement true or false, please advise
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
Read 99 times
2 Replies
Replies
Answer verified by a subject expert
toogootoogoo
wrote...
#1
Top Poster
Posts: 529
Rep: 15 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

hiusy98 Author
wrote...
#2
7 years ago
Project is complete now, thank you for your expertise!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1118 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 1121
  
 345
  
 199
Your Opinion
Where do you get your textbooks?
Votes: 447
Previous poll results: Which is the best fuel for late night cramming?