The supply function is 2p-q=50.
Demand function is pq=100=20q.
What are the price and quantity of market equilibrium?
I can't figure this out. I think you have to isolate "p" and set the two equations equal to each other...but I can't solve it...
The supply function is 2p-q=50.
Demand function is pq=100=20q.
What are the price and quantity of market equilibrium?
I can't figure this out. I think you have to isolate "p" and set the two equations equal to each other...but I can't solve it...