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Home / Questions / The supply and demand curves for pears are QS 10,000P QD 25000 15000P where QS is t...

The supply and demand curves for pears are QS 10,000P QD 25000 15000P where QS is the quantity tons supplied QD is the quantity tons demanded and P is the price per pear


The supply and demand curves for pears are

QS = 10,000P

QD = 25,000 – 15,000P

where QS is the quantity (tons) supplied, QD is the quantity (tons) demanded, and P is the price per pear (in hundreds of dollars per ton).

a. Plot the supply and demand curves.

b. What is the equilibrium price?

c. What is the equilibrium quantity?

May 01 2020 View more View Less

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