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Supply equation: Q = -40 + 30P and a demand equation of Q = 180 -25P. What is the equilibrium price?​

Supply equation: Q = -40 + 30P and a demand equation of Q = 180 -25P. What is the equilibrium price?​
asked 225k views
2 votes
supply equation: Q = -40 + 30P and a demand equation of Q = 180 -25P. What is the equilibrium price?​

asked
User Simas
by
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1 Answer

3 votes
The answer is 4.
-40+30(4) = 180-25(4) = 80
answered
User Anil Gupta
by
7.5k points
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