Demand: $Q _ { d } = 900 - 60 P$ Supply: $Q _ { s } = - 200 + 50 \mathrm { P }$
-If the price is currently $11, there is a

Name: Demand: $Q _ { d } = 900 - 60 P$ Supply: $Q _ { s } = - 200 + 50 \mathrm { P }$ -If the price is currently $11, there is a
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Quizplus · Accepted Answer

At P = $11, Qd = 900 - 60(11) = 300 units and Qs = -200 + 50(11) = 410 units. So, there is a surplus of 410 - 300 = 110 units.

Demand Qd=900−60PQ _ { d } = 900 - 60 PQd​=900−60P

Demand $Q _ { d } = 900 - 60 P$