Question
Suppose demand is given by Q D = 400 - 15P + I, where Q D is quantity demanded, P is price and I is
Suppose demand is given by QD = 400 - 15P + I, where QD is quantity demanded, P is price and I is income. Supply is given by QS = 5P, where QS is quantity supplied.What is the equilibrium price when I = 200?Please round and write the answer to one cent, for example $2.43 or $0.56.Use a minus sign to indicate if the number is negative.
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Reform Of The International Monetary System An Asian Perspective
Authors: Masahiro Kawai, Mario B Lamberte, Peter J Morgan
1st Edition
4431550348, 9784431550341
