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3) Demand is given by QD = 1600 - 6P, and supply is given by Qs = 14P. A) Find the equilibrium price and quantity. (2 points)

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Answer #1

for equilibrium Derrend = Supply (bou-bp= 14p lep - boo TP:880) equilibem price Q = 14x2 so To =$1120 - equilibrum effy freeDecor play for = -6x 80 1600-480 | - -6x 80 - 1120 -0.42 IPED=

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