question archive Suppose the market demand and supply functions are QD=180−1
Suppose the market demand and supply functions are QD=180−1
Subject:MarketingPrice:2.88 Bought3
Suppose the market demand and supply functions are QD=180−1.5P and QS=3.5P+40QD=180−1.5P and QS=3.5P+40. You have just graduated and moved to this city; as a new MBA and an entrepreneur, you are considering entering the market for this product.
Determine the equilibrium price and quantity in this market.
