Answer to Question #349079 in Microeconomics for Sumaila

Question #349079

Find equilibrium price and quantity if;

P:8+1/3Qs

P:44-1/5Qd

Expert's answer

"p_1=p_2,"

"8+1\/3Q=44-1\/5Q,"

"Q=67.5,"

"p_1=p_2=30.5."

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Sumaila Salam

08.06.22, 15:50

I am most grateful for your assistance.

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