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Author Question: Suppose the equation for the demand curve is P = 8 3Qd and the equation for the supply curve is ... (Read 57 times)

camac77

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on: Nov 23, 2022

Question 1

Using the Supply and Demand Curves to Find Equilibrium

The table shows the quantity of lilies that are demanded and supplied at various prices.
PriceQuantity DemandedQuantity Supplied
1.5210​105​
2.5175​140​
3.5140​175​
4.5105​210​
What is the equilibrium price? What is the equilibrium quantity? Round your final answer to two decimal places.
◦ $3, 105
◦ $4.5, 157.5
◦ $3, 157.5
◦ $4.5, 105

Question 2

Suppose the equation for the demand curve is P = 8 – 3Qd and the equation for the supply curve is What is the equilibrium price and quantity? Round your final answer to two decimal places.
◦ $0.29, 2.57
◦ $0.29, 2
◦ $2.00, 2.57
◦ $2.00,2
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by camac77 on Nov 23, 2022

jacquelyngibson

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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camac77

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Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

zacnyjessica

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Reply 3 on: Yesterday
Excellent

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