You are a manager at Content Colleague, a company similar to Happy Worker, a Canadian company that
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You are a manager at Content Colleague, a company similar to Happy Worker, a Canadian company that manufactures vinyl, plush, and resin toys and collectibles. Your research specialist has given you demand and supply functions for one of your product lines, plush toys. The demand function for plush toys is Qd = 30 million - 12 million * P2. The supply function for plush toys is Qs = 3 million * P. Your supervisor asks you to determine the equilibrium price and equilibrium quantity of plush toys.
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