Answer to Question #336276 in Microeconomics for Aiza buesing

Question #336276

The demand curve for the bottle of water is Qd=100-6P and the supply Qs=28+3P.what is the equilibrium price?

Expert's answer

"Q_d=100-6P,"

"Q_s=28+3P,"

"Q_d=Q_s,"

"100-6P=28+3P,"

"72=9P,"

"P=8,"

"Q_d=Q_s=52."

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