How do you calculate QD and Qs?

P = 10

  1. P = 10.
  2. Qd = Qs = 6P = 6(10) = 60 = Q*
  3. Demand and supply in a market are described by the equations.
  4. Qd = 120-8P.
  5. Qs = -6+4P.
  6. a. Solve algebraically to find equilibrium P and Q.
  7. P* = 10.

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