how to calculate equilibrium price and quantity (demand and supply) pdf

Sure, I'd be happy to. The equilibrium price and quantity are determined when the supply and demand curves intersect on a graph. The equilibrium price is the price at which the quantity demanded by consumers equals the quantity that suppliers are willing to supply. The equilibrium quantity is the quantity that is supplied and demanded at the equilibrium price.

You need to have a demand and supply schedule to start with which shows the quantity demanded and supplied at different price points. When you plot these points on a graph with quantity on the x-axis and price on the y-axis, you'll get Demand and Supply curves. The point where these two curves intersect is the equilibrium point.

Yes, there is. Usually, the demand and supply functions are represented mathematically, like Qd = a - b(P) for demand and Qs = c + d(P) for supply. Here P stands for price, Qd for quantity demanded and Qs for quantity supplied. 'a', 'b', 'c' and 'd' are constants. Equating these two functions, Qd=Qs and solving for 'P' gives you the equilibrium price. Using this price in either function gives you the equilibrium quantity.

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