Posted by chris on Friday, July 9, 2010 at 12:28am.
Market research has revealed the following information about the market for chocolate bars. The demand schedule can be represented by the equation QD=1,600300P, where QD is the quantity demanded and P is the price. The supply schedule can be represented by the equation QS=1,400+700P where Qs is the quantity supplied. Calculate the equilibrium price and quantity in the market for chocolate bars.

economics  Maddy, Saturday, March 5, 2016 at 10:43pm
p=.2
Q=1540
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