Suppose the supply and demand equation are given as follow: Demand: Qd=142-2*p Supply: Qs=12+2*p What's the equilibrium quantity? (Hint: enter your answer in 2 decimal places)
Suppose the supply and demand equation are given as follow: Demand: Qd=142-2*p Supply: Qs=12+2*p What's the equilibrium quantity? (Hint: enter your answer in 2 decimal places)
Chapter4: Demand, Supply, And Market Equilibrium
Section: Chapter Questions
Problem 20P
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E5
![Suppose the supply and demand equation are given as follow:
Demand: Qd=142-2*p
Supply: Qs=12+2*p
What's the equilibrium quantity? (Hint: enter your answer in 2 decimal places)
Your Answer:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd694394d-74eb-4bc1-a118-9109e1a5a9dd%2F059c1b83-39ae-4de6-b351-dd1b795d314f%2Fbcb0oup_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suppose the supply and demand equation are given as follow:
Demand: Qd=142-2*p
Supply: Qs=12+2*p
What's the equilibrium quantity? (Hint: enter your answer in 2 decimal places)
Your Answer:
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