question archive The demand for bedspreads is P=150−4QD
The demand for bedspreads is P=150−4QD
Subject:MarketingPrice:2.88 Bought3
The demand for bedspreads is P=150−4QD. The supply of bedspreads is P=125+5QS. What is the equilibrium price of a bedspread? What is the equilibrium quantity of bedspreads?
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To find EQ and EP, set the supply and demand equations equal to each other and solve for one variable. Then substitute that answer to solve for the other variable:
150 -4Q = 125 + 5Q
25 = 9Q
2.8 = Q
P = 150 - 4Q
P = 150 - 11.2
P = 138.8
