Question: The demand function for a good is: Q d = a - b p and the supply function is: Q s = c + e

The demand function for a good is:
Qd=a-bp
and the supply function is:
Qs=c+ep
where a,b,c, and e are positive constants.
Solve for the equilibrium price and quantity in terms of these four constants.
The equilibrium price (p) is p=.(Properly format your expression using the tools in the palette. Hover over tools to see keyboard shortcuts. E.g., a fraction can be created with the / character.)
The demand function for a good is: Q d = a - b p

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