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:
and the supply function is:
where and e are positive constants.
Solve for the equilibrium price and quantity in terms of these four constants.
The equilibrium price is Properly format your expression using the tools in the palette. Hover over tools to see keyboard shortcuts. Eg a fraction can be created with the character.
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