Spanish version The supply and demand equations for a certain product are: (1) and (2) respectively, where
Question:
Spanish version
The supply and demand equations for a certain product are: (1) and (2) respectively, where p represents the price per unit in dollars and q, the number of units sold per period.
1 3q-200p+1800=0
2 3q+100p-1800=0
Find the equilibrium price algebraically. Find the equilibrium price algebraically. Find and interpret the equilibrium price when a tax of 27 cents per unit is imposed on the supplier.
Give English
The supply and demand equations for a certain product are: (1) and (2) respectively, where p represents the price per unit in dollars and q, the number of units sold per period.
1 3q-200p+1800=0
2 3q+100p-1800=0
Find the equilibrium price algebraically. Find the equilibrium price algebraically. Find and interpret the equilibrium price when a tax of 27 cents per unit is imposed on the supplier.
Principles Of Econometrics
ISBN: 9781118452271
5th Edition
Authors: R Carter Hill, William E Griffiths, Guay C Lim