Finding Price Paths from Difference Equations
= Quantity supplied at time t
= Quantity demanded at time t
= Price of good at time t
= -Pt +2Pt-1
= 50 – 0.5Pt
The market is in equilibrium 
I am asked to find the price path for Pt if P0 = 30
Im a little unsure as to whether I’ve plugged the right info into the formula

Rearranging that I get

^{t}+ 20.4)
)
![=[30-20.4] = 9.6](http://latex.codecogs.com/png.latex?=[30-20.4] = 9.6)
Therefore I get
^{t} + 20.4 )
I’m unsure as to whether I’ve actually done this correctly, as my understanding on this isn’t that great, any help would be very much appreciated.