Physics, 05.09.2019 20:10, alexandroperez13

Supply is represented by the equation p=2+0.2qs, where qd and qs are quantity demanded and quantity supplied, respectively, and p is price. instructions: enter your answers as whole numbers. a. using the equilibrium condition qs = qd, determine equilibrium price. b. now determine equilibrium quantity.

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Supply is represented by the equation p=2+0.2qs, where qd and qs are quantity demanded and quantity...