Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
Qd=60-2px+0.01M+7Pr 1) What is the demand function for good X? Suppose the supply function is Qx=-600+10Px 2) What are the equilibrium price and
Qd=60-2px+0.01M+7Pr1) What is the demand function for good X?Suppose the supply function is Qx=-600+10Px2) What are the equilibrium price and quantity?-I thought you could figure it out by:60-2Px=-600+10PxPx=$55But I don't think I'm right anymore. Any help would be great. Thanks! -Todd