Microconomics supply and demand question
Qd=Qs
1'000-10P = 25P-50
35P = 950
P = 950/35 ≈ 27.14
Q = 1'000 - 10*27.14 = 1'000 - 271.4 ≈ 728.6
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Qd=Qs
1'000-10P = 25P-50
35P = 950
P = 950/35 ≈ 27.14
Q = 1'000 - 10*27.14 = 1'000 - 271.4 ≈ 728.6