Demand qd 400 - 3psupply qs -100 2pa what are, Ask an Expert

Economics

Demand: Qd = 400 - 3P

Supply: Qs = -100 + 2P

A) What are equilibrium price and quantity?

B) Suppose actual prie is $92, What is quantity and supply demanded at this price?

C) At price of $92, wil there be a shortage or surplus?

D) What is the amount of this shortage or surplus?

E) Over time, do you expect prices to rise or fall?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91711264

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