Home EducationSubjectsBusiness Studies Subscribe to RSS

Can You Find Price And Quantity Equilibrium Of P=50 - 1/2 QD P=3 + 3 QS?

Answer Question

1 Answer - Sort by: Date | Rating

    50 - 1/2Q = 3 + 3Q
    This is the equation that you need to solve.
    Putting all Qs on the same side, you get the following.
    3Q + 1/2Q = 50 - 3
    Then you solve the equation as follows.
    7/2Q = 47
    7Q = 94
    Q = 94/7
    Since P = 3 + 3Q
    P = 3 + 282/7
    P = 285/7
    0 0

    Go_on 

    answered 1 year ago

      More

         
         

        Ask a Question via Twitter

        Send a question to @askblurtit and we will publish it online and send you a reply everytime you receive an answer.

        Blurtit Store

        Get T-shirts, hoodies, caps and more at the Blurtit store

        Blurtit International