Perfect Competition. Equilibrium Q D = Q S Ex: Q D = 13 - .2P Q S = .4P-2 Find equilibrium price and quantity. Perfect Competition. Equilibrium Q D = Q S 13 - .2P = .4P-2 15 = .6P P = 25 Q = 8. Perfect Competition. Shift in Demand
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QD = QS
QD = 13 - .2P
QS = .4P-2
Find equilibrium price and quantity
QD = QS
13 - .2P = .4P-2
15 = .6P
P = 25
Q = 8
Shift in Demand
Here, demand increase, shifted demand curve to right, increasing PE and QE.
Shift in Supply
Here, supply increase, shifted supply curve to right, decreasing PE and increasing QE.