Question
Assume the following demand and supply equations: Qd = 900 -20P, and Qs= -150+ 10P. a)Graph the two curves b)Calculate the slopes of the two
Assume the following demand and supply equations: Qd = 900 -20P, and Qs= -150+ 10P.
a)Graph the two curves
b)Calculate the slopes of the two curves
c)Calculate the equilibrium price and quantity
d)If the price was $30, how much would the quantity demanded be? (Show it on the graph)
e)If the price was $30, how much would the quantity supplied be? (Show it on the grah)
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The Levelling What's Next After Globalization
Authors: Michael O'Sullivan
1st Edition
1541724089, 9781541724082
