The demand and supply equations for cricket balls are given by Qd=500-8P and Qs=-10+2P respectively.Find quantity of cricket balls
Solution
Qd = 500 - 8P
Qs = -10 + 2P
500 - 8P = -10 + 2P
510 = 10P
P = 51
Qd = 500 - 8(51)
Qd = 500 - 408
Qd = 92
Qd = 500 - 8P
Qs = -10 + 2P
500 - 8P = -10 + 2P
510 = 10P
P = 51
Qd = 500 - 8(51)
Qd = 500 - 408
Qd = 92