Find the price and quantity that will satisfy the condition fpr static efficiency in the use of water resources given the following demand and supply equations for water:

Demand: P=600-Q
Supply: P=2+Q

To find the price and quantity that will satisfy the condition for static efficiency in the use of water resources, we need to set the demand equal to the supply and solve for both price (P) and quantity (Q).

Demand: P = 600 - Q
Supply: P = 2 + Q

Setting the demand equal to supply, we have:

600 - Q = 2 + Q

To find the quantity (Q), we can solve this equation for Q:

600 - 2 = Q + Q
598 = 2Q
Q = 598 / 2
Q = 299

Now that we have the quantity, we can substitute this value back into either the demand or supply equation to find the price (P). Let's use the supply equation:

P = 2 + Q
P = 2 + 299
P = 301

Therefore, the price (P) that will satisfy the condition for static efficiency in the use of water resources is 301 and the quantity (Q) is 299.