Question

Find equilibrem for price and quantity P=300-1Qd P=100+Qs Income =180

64

likes
320 views

Answer to a math question Find equilibrem for price and quantity P=300-1Qd P=100+Qs Income =180

Expert avatar
Madelyn
4.7
86 Answers
To find the equilibrium price and quantity, we need to equate the quantity demanded (Qd) to the quantity supplied (Qs).

Given:
1. P = 300 - 1Qd
2. P = 100 + Qs
3. Income = $180

Since at equilibrium Qd = Qs, we can set 300 - 1Qd = 100 + Qs and solve for Q:
300 - 1Qd = 100 + Qs
300 - 1Qd = 100 + Qd
200 = 2Qd
Qd = 100

Now that we have found Qd, we can substitute this back into either of the equations to find the equilibrium price:

Using the first equation:
P = 300 - 1(100)
P = 300 - 100
P = 200

Therefore, the equilibrium price is $200 and the equilibrium quantity is 100.

\boxed{\text{Answer: } P = 200, Q = 100}

Frequently asked questions (FAQs)
A function f(x) takes the absolute value of x, adds 3, and multiplies the result by 2. What is f(6)?
+
What is the value of log base e of x, when x is equal to 5?
+
What is the square root of 256? How does this value compare to the square root of 169? Calculate the difference between their decimal approximations.
+
New questions in Mathematics
1 + 1
-6n+5=-13
5(4x+3)=75
Find the equation of the normal to the curve y=x²+4x-3 at point(1,2)
how many arrangement can be made of 4 letters chosen from the 8 letters of the world ABBSOLUTE
By direct proof, how can you prove that “The sum of any three consecutive even integers is always a multiple of 6”.
5.- From the probabilities: 𝐏(𝐁) = 𝟑𝟎% 𝐏(𝐀 ∩ 𝐁) = 𝟐𝟎% 𝐏(𝐀 ̅) = 𝟕𝟎% You are asked to calculate: 𝐏(𝐀 ∪ 𝐁)
If 0101, what is the binary representation of the 4x16 decoder output?
What is 28 marks out of 56 as a percentage
Two business partners have a bank balance of $17,942.00. After the first year their interest brings their balance to $18,928.91. What rate of interest is earned?
suppose random variable x follows poisson distribution with expected value 3. what is variance of x?
Calculate the value of a so that the vectors (2,2,−1),(3,4,2) and(a,2,3) are coplanar.
From 1975 through 2020 the mean annual gain of the Dow Jones Industrial Average was 652. A random sample of 34 years is selected from this population. What is the probability that the mean gain for the sample was between 400 and 800? Assume the standard deviation is 1539
effectiveness of fiscal and monetary policy under closed and open economies
A diamond ring was reduced from $999.99 to $689.99. Find the percent reduction in the price. Round the answer to the nearest tenth of a percent, if necessary.
Calculate the area of the parallelogram with adjacent vertices (1,4, −2), (−3,1,6) 𝑦 (1, −2,3)
What is the total amount due and the amount of interest on a 3-year loan of $1,000 at a simple interest rate of 12% per year?
22. Let [AB] be a chord in a circle C, and k a circle which is internally tangent to the circle C at a point P and to the chord [AB] at a point Q. Show that the line P Q passes through the midpoint of the arc AB opposite to the arc APB.
5a-3.(a-7)=-3
f(x)= 9-x^2 find (f(x+h)-f(x) )/h