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Find the equilibrium price and equilibrium

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Reference no: EM132617964

Suppose the demand for ice cream cones at NSU is; P=100-Qd and the supply is : P= 10+Qs, where Qd and Qs are quantity demanded and quantity supplied per-day.Price is expressed in Tk and Qty is expressed when per day.

1. Find the equilibrium price(p*) and equilibrium(Q*)

2. What would be the new equilibrium price and quantity it demand increases by 10 units at price but supply remains unchanged?

Reference no: EM132617964

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