Question: 5. Known: Qd = 80 - 2P dan Qs = -10 + P Question: a. What is the equilibrium value of P and Q? b.

5. Known:

Qd = 80 - 2P dan Qs = -10 + P

Question:

a. What is the equilibrium value of P and Q?

b. Draw it on a graph!

c. Find consumer surplus and producer surplus

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!