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  • Demand and Supply

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    Софи Бреславец
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    demand and supply

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    5 views2 pages

    Demand and Supply

    Uploaded by

    Софи Бреславец

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Exercise 1

    D=100−20P, S = 20 + 20P

    100-20P=20+20P

    -40P=-80

    P=2

    S=20+20*2=20+40=60

    Equilibrium price -8

    Equilibrium quantity -60

    Exercise 2

    Qd=Qs

    80-20P=40+20P

    P=1

    Qd=Qp=Qs=80-20*1=60

    Qd=80-20*10=-120

    Qs=40-20*10=-160

    Qd-Qs=(-120)-(-160)=40

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