##### School: Texas Tech University

##### Department: Economics

##### Course: Managerial Economics

##### Professor: Lanlan chu

##### Term: Spring 2017

##### Tags:

##### Cost: 50

##### Name: Added notes for Exam 1

##### Description: How do you find equilibrium price
-Take both demand and supply functions
-Set them equal to each other
-Solve for P
How to find equilibrium quantity supply and demand
-Take both demand and supply curves
-Set them equal to each other
-Solve for P
-Plug in P into both equations

##### Uploaded: 02/10/2017