Demand and Supply and Equilibrium Maths (HELP)

Reply Thu 22 Sep, 2016 02:34 pm
I've been trying to do these questions but I've very confused. Can someone help me with the answer to this?? Any help appreciated, thank you! Smile

"Consider the following equations:

Qd: -P + 15
Qs: 2P - 9

(a) Find the equilibrium using simultaneous equations.
(b) On a diagram sketch the demand curve and supply curve"

How would I do about doing these questions?

  • Topic Stats
  • Top Replies
  • Link to this Topic
Type: Question • Score: 0 • Views: 873 • Replies: 1

Reply Thu 22 Sep, 2016 03:05 pm
Here's the system of equations:

Q= -P + 15
Q= 2P - 9

Solve it. Then graph the two lines.
0 Replies

Related Topics

Who or What is Responsible? - Discussion by Merry Andrew
Debt ceiling? - Question by Buffalo
The Legacy of the Reagan Revolution - Discussion by Cycloptichorn
Let it crash - Discussion by FreeDuck
No real limits to growth - Discussion by gungasnake
Sovereign debt - Question by JohnJD
Wage discrimination - Question by zewittykitty
Central Bank Operations? - Question by NewToEcons
Frictional unemployment vs structural - Question by MateuszJanczura
  1. Forums
  2. » Demand and Supply and Equilibrium Maths (HELP)
Copyright © 2023 MadLab, LLC :: Terms of Service :: Privacy Policy :: Page generated in 0.05 seconds on 11/30/2023 at 08:47:08