Post a New Question

Math help

posted by on .

Fimd the market price and demand for the pair of supply and demand equAtions:

supply: Q=88p+653
Demand: q=1903- 37 p

  • Math help - ,

    When supply = demand, Q = q
    88 p + 653 = 1903 - 37p
    125 p = 1250
    p = 10
    demand = 1903 - 370 = 1533 units

    The supply equation looks rather phony. Why supply any at zero price?

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question