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    Market equilibrium price and quantity

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    Supply curve = 11 + P/3
    Demand curve = 15 -P for private school

    Government voucher gives 3,000 to parents....

    Equilibrium price = ?
    equilibrium quantity = ?

    consumer surplus and government expenditure = ?

    I know Pd = Ps and Qd = Qs......answer keeps coming out negative price?

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    Please see the attached file.

    Note that the given supply curve Qs = 11 + Ps/3 is for the period after the voucher proposal passes, so the subsidy is immaterial when doing calculations ...

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    This solution helps with a problem regarding market equilibrium price and quantity.