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Equilibrium Price in Economics | 12th Grade
Struggling with finding the equilibrium price in Economics? Watch this short to understand how to solve for the equilibrium price using demand and supply equations. Given the demand equation Qd = 100 - 2P and the supply equation Qs = 40 + 3P, we find the equilibrium price by setting Qd equal to Qs, leading us to solve 100 - 2P = 40 + 3P. The ...
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