Question: Based on the formula Qd= 1,000,000 - 25,000,000 P +10,000,000 PS + 1,600 Y = 50,000T and being asked to calculate the quantity demanded and

Based on the formula Qd= 1,000,000 - 25,000,000 P +10,000,000 PS + 1,600 Y = 50,000T

and being asked to calculate the quantity demanded and supplied at p= $5.00.

  1. Where do you insert P and
  2. how do you get the numbers on the doc? Are those right?

QD= 25,012,500.00

QS = 26,800,000

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