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Margarita [4]
3 years ago
6

The total demand for wheat in the U.S. is given by Qd = 1750 - 130 P. Domestic supply is given by, Qs = 1000 + 170 P. Price is m

easured in dollars/ton and quantity is measured in thousands of tons. The equilibrium price and quantity of wheat are:

Business
1 answer:
yaroslaw [1]3 years ago
7 0

Answer:

Equilibrium price is $2.50

Quantity of wheat is 1,425 tons

Explanation:

Please refer to the attached file.

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