3. The supply curve for televisions is given by QS=−20+4� where QS represents the quantity of televisions supplied and P is the price of televisions. The market demand for televisions is given by QD=400−10� where QD is the demand for televisions. Find the equilibrium price and quantity of televisions.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter4: Demand, Supply, And Market Equilibrium
Section: Chapter Questions
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3. The supply curve for televisions is given by QS=−20+4� where QS represents the quantity of televisions supplied and P is the price of televisions. The market demand for televisions is given by QD=400−10� where QD is the demand for televisions. Find the equilibrium price and quantity of televisions.

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