How do you algebraically solve for equilibrium using supply and demand equations?

Question

asked Jan 18, 2021 63.1k views

2 Answers

Heatherlyn · Answer 1 · 2021-01-22T17:45:41+0000

Answer:

How do you find the equilibrium price with a supply and demand function?

To determine the equilibrium price, do the following.

Set quantity demanded equal to quantity supplied:

Add 50P to both sides of the equation. You get.

Add 100 to both sides of the equation. You get.

Divide both sides of the equation by 200. You get P equals $2.00 per box. This is the equilibrium price.