please answerHomework Answers
At equilibrium demand is equal to supply
160-2Q = 40+Q
120= 3Q
Q= 40
P= 40+40= 80
P= 80; Q= 40
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D Question 10 2.6 pts Suppose the demand and supply curves for a particular...
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DQuestion 4 2.6 pts Assuming Demand is downward sloping and Supply is upward sloping (as we usually do), what happens to equilibrium price (P) and quantity (Q) of a good when Demand decreases? P and Q should not change. P increases Q P increases; Q decreases P decreases; Q decreases P decreases, Q increases increases.
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