If the demand is given by the equation Q = 64-5P and the supply is given by QS = 6 + 2P, then the equilibrium price is $. (Round your answer to the nearest cent.) Using the equation QS = 6 + 2P, equilibrium quantity is (Round your answer to the nearest whole number.) units. Quantity S

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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If the demand is given by the equation QD = 64-5P and the supply is given by
(Round your answer to the
QS = 6 + 2P, then the equilibrium price is $
nearest cent.)
Using the equation QS = 6 + 2P, equilibrium quantity is
(Round your answer to the nearest whole number.)
units.
Quantity
Q
Q
Transcribed Image Text:If the demand is given by the equation QD = 64-5P and the supply is given by (Round your answer to the QS = 6 + 2P, then the equilibrium price is $ nearest cent.) Using the equation QS = 6 + 2P, equilibrium quantity is (Round your answer to the nearest whole number.) units. Quantity Q Q
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