These next five problems consider tax incidence. suppose the market supply and demand for guitars in happy valley are given by: demand: p = 300 – (1/2)q supply: p = 100 + (1/3)q what is the equilibrium price and quantity of the product?

The equilibrium price = 180

The equilibrium quantity of the product = 240

Explanation:

Data provided in the question:

Demand: P = 300 – (1/2)Q

Supply: P = 100 + (1/3)Q

Now,

For equilibrium

Demand = Supply

300 – (1 ÷ 2)Q = 100 + (1 ÷ 3)Q

or

300 - 100 =  (1 ÷ 3)Q +  (1 ÷ 2)Q

or

200 =

or

= 200

or

Q = 200 × (6 ÷ 5)

or

Q = 240

Therefore,

equilibrium price will be

P = 300 – (1/2)(240)

= 300 - 120

or

= 180

Hence,

The equilibrium price = 180

The equilibrium quantity of the product = 240

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation:

answer: technology

hope i

-lavira: )