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If the demand function is Q=15030p and the supply function is Q=50+20p what are the equilibrium
price and quantity? The equilibrium price is $ per unit. (Enter your response rounded to two
decimal places.) The equilibrium quantity is units. (Enter your response rounded to one decimal
place.)A. -1.25 . B. elastic: C. Both A and B above. D. Neither A nor B above.

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If the demand function is Q15030p and the supply function i.pdf

  • 1. If the demand function is Q=15030p and the supply function is Q=50+20p what are the equilibrium price and quantity? The equilibrium price is $ per unit. (Enter your response rounded to two decimal places.) The equilibrium quantity is units. (Enter your response rounded to one decimal place.)A. -1.25 . B. elastic: C. Both A and B above. D. Neither A nor B above.