Suppose you can write generic supply and demand curves such that $\mathrm { Q } _ { \mathrm { S } } = \mathrm { A } + \mathrm { BP }$ and $Q _ { D } = D + C P$ .Equilibrium price is given bY.
A) $( A - D ) / ( C - B )$
B) $A - D$
C) $( A - D ) / ( B - C )$
D) $A$

Question

Quizplus · Accepted Answer

The equilibrium price is found where quantity supplied equals quantity demanded, i.e., $Q_S = Q_D$. Solving $A + BP = D + CP$ for $P$ gives $P = (A - D) / (C - B)$.

Suppose You Can Write Generic Supply and Demand Curves Such QS=A+BP\mathrm { Q } _ { \mathrm { S } } = \mathrm { A } + \mathrm { BP }QS​=A+BP

Suppose You Can Write Generic Supply and Demand Curves Such $\mathrm { Q } _ { \mathrm { S } } = \mathrm { A } + \mathrm { BP }$