Suppose the market for kittens adoption centre can be described by the following equations: Demand equation: Qd
Fantastic news! We've Found the answer you've been seeking!
Question:
Demand equation: Qd = 100 – 20P
Supply equation: Qs = 130 + 2P
Calculate the equilibrium price (P) and quantity (Q) of kittens. Remember that a negative price of kittens is not allowed. How many kittens will be adopted by humans and how many will be “strays?”
Related Book For
Posted Date: