Communication ResourcesD2L HELP University Resources on Onea

Communication ResourcesD2L HELP University Resources on O\'neal: Attempt 1 Question 13 (2.5 points) The market of Vodka Tonic can be summarized by the following information: P 3/2Q and P 100+2/3. Q. what are the equilibrium price and quantity? 360- 180 and 120 30 and 280 100 and 140 None of the above 8 5 6 8 9 0

Equilibrium is a situation of absemce of any force which makes a change.

We know at equilibrium Qd=Qs

Thus 360-3/2Q=100+2/3Q

360-100=2/3Q+3/2Q

260=(0.667+1.5)Q

Q=260/2.1667=120 and Price=100+2/3*Q=100+2/3*120=180

Thus ans is A

$Communication ResourcesD2L HELP University Resources on O\'neal: Attempt 1 Question 13 (2.5 points) The market of Vodka Tonic can be summarized by the followin$

Communication ResourcesD2L HELP University Resources on Onea

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