1. Given:
2. Q_s = 25 + 5(P)

Q_d = 100 - 10(P)

Solve for the equilibrium price and equilibrium quantity:

Q_e= __________________

P_e= __________________

2 .Given:

Q_s = -100 + 3(P)

Q_d = 40 - .5(P)

Solve for the equilibrium price and equilibrium quantity:

Q_e= __________________

P_e= __________________

3. Given:

Q_s = 8(P)

Q_d = 165 - 7(P)

Solve for the equilibrium price and equilibrium quantity:

Q_e= __________________

P_e= __________________

4. Given:

Q_s = 25 + 5(P)

Q_d = 100 - 10(P)

A price ceiling of $4.00 is imposed on the good.

Solve for:

Q_s = __________________

Q_d = __________________

There is a ______________ of ____________ units.

5. Given:

Q_s = -100 + 50(P) *Hint: What would need to be added to set Q_s and Q_dequal.

Q_d = 500 - 10(P)

There is currently a surplus of 300 units.

Solve for:

P_floor= _________________

Q_s= __________________

Q_d = __________________

6. Given:

Q_s = 5(P - tax)

Q_d = 100 - 5(P)

Solve for the equilibrium price and equilibrium quantity given a tax of $0.00:

Q_e= __________________

P_e= __________________

Solve for the new equilibrium price and equilibrium quantity given a tax of $2.00:

Q_e= __________________

P_e= __________________