help pls. how to start with this equation? P=10-0.2 Qd,P=2+0.2 Qs?
Somebody help me pls. I have exam on Microeconomics. Thanks to all answers
Well you have two equations in three unknowns, so you won’t get far.
I suspect you need to equate Qd and Qs (quantities demanded and supplied?) to provide the missing third equation. This will allow you to find the equilibrium price P.
I am not an economist!
