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2 years ago

Pls answer quickly, thanks!!

Mathematics

1 answer:

dybincka [34]2 years ago

7 0

At the equilibrium price p, we can solve for the quantity of goods x :

demand = supply

5200 - 0.0005x = 2800 + 0.0003x

2400 = 0.0008x

x = 3,000,000

With this quantity of goods, the equilibrium price is

p = 5200 - 0.0005 (3,000,000)

p = 5200 - 1500

p = 3700

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