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3 years ago

Supply equation: Q = -4 + P and a demand equation of Q = 16 – P. What is the equilibrium price?

Business

1 answer:

djverab [1.8K]3 years ago

4 0

Answer:

Q = -4 + P

Q = 16 – P

Then:

-4 + P = 16 – P

-4-16=-P-P

-20=-2P

-20/-2=P

10=P

The equilibrium price is 10 if you replace 10 in both equation you would obtain a demand and supply equal to 6.

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Data and Calculations:

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3 years ago

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4 years ago

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Vadim26 [7]

Answer:

Output measure:

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4 years ago

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nirvana33 [79]

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3 years ago

Supply equation: Q = -4 + P and a demand equation of Q = 16 – P. What is the equilibrium price?​

Supply equation: Q = -4 + P and a demand equation of Q = 16 – P. What is the equilibrium price?