A demand equation for a good is given by: QD= 3P + 5,000
And the Quantity Supply equation for the same good is: QS= 2P + 2,000
Where QD=Quantity Demanded, QS=Quantity Supply And P=Price
Required: find the equilibrium Price And Quantity?
In Economics
5 Answers Available
Asked by siaka on 10th July, 2021
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