Find the equilibrium by equating the Demand to the Supply. D=S 100 - 6p = 28 +

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Find the equilibrium by equating the Demand to the Supply.

D=S
100 - 6p = 28 + 3p
72 = 9p
8 = p which is the equilibrium price. Plug that into either equation to find the equilibrium quantity

draw a supply and demand model (ILLUSTRATION) where I have an "X" representing both supply and demand

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Microeconomics

ISBN: 9781464146978

1st Edition

Authors: Austan Goolsbee, Steven Levitt, Chad Syverson

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Posted Date: Jan 13, 2024 02:52 PM

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Find the equilibrium by equating the Demand to the Supply. D=S 100 - 6p = 28 +

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Solution You have correctly solved for the equilibrium price which is 8 To find the equili... View the full answer

Microeconomics

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