If you have quantity demanded(Qd) and quantity supplied(Qs) then you can calculate equilibrium price and quantity. To find equilibrium price and quantity you have to find equilibrium point(EP).
EP=> Qd=Qs
suppose, Qd=100-2p &Qs=4p-80
EP=>100-2p=4p-80
=>-2p-4p=-80-100
=>-(2p+4p)=-(80+100)
=>2p+4p=80+100
=>6p=180
=>p=180/6=30
so, equilibrium price is 30
and equilibrium quantity is, Qd=Qs … Read more
EP=> Qd=Qs
suppose, Qd=100-2p &Qs=4p-80
EP=>100-2p=4p-80
=>-2p-4p=-80-100
=>-(2p+4p)=-(80+100)
=>2p+4p=80+100
=>6p=180
=>p=180/6=30
so, equilibrium price is 30
and equilibrium quantity is, Qd=Qs … Read more