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  • ICAR and TNAU E-Course Summarized

    Summarized Notes
  • Qd = 170 – 20P and P = 4, at equilibrium

    Question: Qd = 170 – 20P and P = 4, at equilibrium

    Options:

    Qs = 150
    Qs = 50
    Qs = 900
    Qs = 90

    ✅ Explanation: At equilibrium, quantity demanded (Qd) equals quantity supplied (Qs). We are given Qd = 170 – 20P and P = 4.
    Substitute P = 4 into the demand equation: Qd = 170 – 20 * 4 Qd = 170 – 80 Qd = 90
    Since Qd = Qs at equilibrium, then Qs = 90.
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