1. Business
  2. Economics
  3. hi can you please help me understand how to do...

Question: hi can you please help me understand how to do...

Question details

Hi can you please help me understand how to do this im having trouble. Thank you

Consider a demand of the form QD = 2P + 16 and a supply curve of the form Qs = P 5. Plot these curves and be sure to P on the vertical and Q on the horizontal axis. Find the equilibrium price and quantity.

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution