Let Qd306p and Qs 9p Equilibrium combination is p10 q90 or
Let Qd=30-6p and Qs =9p , Equilibrium combination is p*=10; q*=90 or p*=2;q*=18 or p*=18; q*=2 or p*=2; q*=15
Solution
At equilibrium
Qd = Qs
30 - 6p = 9p
15p = 30
p* = 2
Setting value of the equilibrium price in the supply function we get,
q* = 9*2 = 18
Thus, equilibrium combination is p*=2;q*=18
