The market demand and supply equation for a product are
QD = 30 − 3P
QS = 20 + 2P
Here Q for quantity: P for price
What is the equilibrium demand?
1
18
2
16
3
24
4
36
5
None of the above
The market demand and supply equation for a product are
QD = 30 − 3P
QS = 20 + 2P
Here Q for quantity: P for price
What is the equilibrium demand?