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the demand for books is: qd=100-2p the supply of books is: qs=2p what is the equilibrium price of books? a. 30 b. 20 c. 15 d. 25

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The demand for books is: Qd=100-2P The supply of books is: Qs=2P What is the equilibrium price of books? A. 30 B. 20 C. 15 D. 25

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Usta · 5 yıl öğretmeni

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To find the equilibrium price, we need to set the quantity demanded equal to the quantity supplied and solve for the price.Given: Setting equal to : Simplifying the equation: Dividing both sides by 4: Therefore, the equilibrium price of books is $25.The correct answer is D. 25.