A Akesha E New member Sep 24, 2009 #1 Given that QD = 390 – 15PD (demand) and QS = – 10 + 5PS (supply), calculate the following: a) equilibrium price; and b)equilibrium quantity. c) price elasticity at the equilibrium price
Given that QD = 390 – 15PD (demand) and QS = – 10 + 5PS (supply), calculate the following: a) equilibrium price; and b)equilibrium quantity. c) price elasticity at the equilibrium price
