Step-by-step explanation:
the answer I think D should be
-15-(-18)=-15 +(-18)=-33
-×-=+ +×-= -
-15×-(-18)= 3
-15×+(-18)=-33
3-33=-33
-30=-30
Answer: Equilibrium price would be $13.33 and equilibrium quantity would be 133.3 units.
Step-by-step explanation:
Since we have given that
Demand function is stated as
Supply function is stated as
We need to find the equilibrium price and quantity for this device.
For equilibrium, D(p) = S(p).
so, it becomes,
and when we put the value of p in any function:
Hence, Equilibrium price would be $13.33 and equilibrium quantity would be 133.3 units.