The demand and supply curves for T-shirts are given by the following equations, where P is the price and Q is the quantity. Demand: Q = 65000 – 50P                 Supply:  Q – 5000 = 250P   Find the equilibrium price and quantity.

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ISBN:9781337617383
Author:Roger A. Arnold
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Chapter3: Supply And Demand: Theory
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The demand and supply curves for T-shirts are given by the following equations, where P is the price and Q is the quantity.

Demand: Q = 65000 – 50P                 Supply:  Q – 5000 = 250P

 

Find the equilibrium price and quantity.                                                                                                                   

 

 

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