Compute the equilibrium price and quantity of the following equations: 1. Qs = 2,200 + 11p Qd = 2,500 – 4p 2. Xd = 5-p Xs = p 3. Q = 10 – 1/2p Q = 8 + 1/4p
Compute the equilibrium price and quantity of the following equations: 1. Qs = 2,200 + 11p Qd = 2,500 – 4p 2. Xd = 5-p Xs = p 3. Q = 10 – 1/2p Q = 8 + 1/4p
Chapter3: Supply And Demand: Theory
Section3.3: The Market: Putting Supply And Demand Together
Problem 3ST
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Note: Please answer number 1only. Thank you!
![Compute the equilibrium price and quantity of the following equations:
1. Qs = 2,200 + 11p
Qd = 2,500 – 4p
2. Xd = 5-p
Xs = p
3. Q = 10 – 1/2p
Q = 8 + 1/4p
4. X= 150,000 + 300p X= 210,000 – 150p](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffb74a786-2f8b-4561-8089-b02612cbb10d%2Ffa1e0e22-9f2d-44b5-84c8-1d284f47a932%2F9y2jtm6_processed.png&w=3840&q=75)
Transcribed Image Text:Compute the equilibrium price and quantity of the following equations:
1. Qs = 2,200 + 11p
Qd = 2,500 – 4p
2. Xd = 5-p
Xs = p
3. Q = 10 – 1/2p
Q = 8 + 1/4p
4. X= 150,000 + 300p X= 210,000 – 150p
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