Ayushi Asked a Question
August 26, 2020 12:14 ampts 30 pts
104.1f demand function is P 100 4x and supply function is P 30 +X, then find the equilibrium price: yf HTT P- 100-4x r g RTTP 30+x, TgaH (1 44 (2) 16 14 (4) 30
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  • Nidhi taparia Best Answer
    The correct answer is (1) 44. Given, Equation 1 : p = 100 - 4x Equation 2 : p = 30 + x At equilibrium, demand price = supply price. So p (in equation 1) = p (in equation 2) 100 -...
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