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Asked by Jusmudi

Consider the following demand and supply equations for Chocolates:

Qd=140-P and Qs= -120+P.

Using the equations above, and find the equilibrium price.
4 years ago

Answers

Answered by oobleck
demand = supply, so
140-P = -120+P
P=130
4 years ago
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Question

Consider the following demand and supply equations for Chocolates:

Qd=140-P and Qs= -120+P.

Using the equations above, and find the equilibrium price.

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