Suppose the demand and supply curves of salt are given by: Q_d = 1000 - p Q_s = 700 + 2p Find the equilibrium price and quantity. Option 1: Equilibrium price = 100, Equilibrium Quantity = 900 Option 2: Equilibrium price = 200, Equilibrium Quantity = 900 Option 3: Equilibrium price = 200, Equilibrium Quantity = 600 Option 4: Equilibrium price = 100, Equilibrium Quantity = 600

The answer is 'Equilibrium price = 100, Equilibrium Quantity = 900'. View full solution:

CUET Economics - Suppose the demand and supply curves of salt are given by: Q_d = 1000 - p Q_s = 700 + 2p Find the equilibrium price and quantity. | PYQs + Solutions

CUET Economics 2025 2 June Shift 1

Micro

Easy

Equilibrium price = 100, Equilibrium Quantity = 900

Equilibrium price = 200, Equilibrium Quantity = 900

Equilibrium price = 200, Equilibrium Quantity = 600

Equilibrium price = 100, Equilibrium Quantity = 600

✅ Correct Option: 1