Question: Hello, It has been 40+ years since algebra class and I need some algebra assistance for an economics class. Formulas follow: 1. P = 2

Hello,

It has been 40+ years since algebra class and I need some algebra assistance for an economics class.

Formulas follow:

1. P = 2 + 3Qs P = price, Qs = quantity supply

2. P = 10 - Qd P = price, Qd = quantity demand

3. At price equilibrium, Qs = Qd, which provides:

2 + 3Q*= 10 - Q* => how to solve for Q*?

I am sorry, but I don't remember the algebraic steps to solve.

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