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Assume that the market for burgers in Dubai is perfectly competitive. The demand for a burgers is given by: Qg = 300 - 50Pg +

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Assume that the market for burgers in Dubai is perfectly competitive. The demand for a burgers is given by: Qg = 300 - 50Pg + 25Pps - 0.01/ where PB = price of a burger, Pps = price of a pizza slice, I = average consumer income. Supply of burgers is given by: Q; = 50PB - 50. It is given that Pps = $2 and / = $10,000 a) Calculate the equilibrium price and quantity.Assume that the market for burgers in Dubai is perfectly competitive. The demand for a burgers is given by: Qg = 300 - 50Pg + 25Pps - 0.01/ where PB = price of a burger, Pps = price of a pizza slice, I = average consumer income. Supply of burgers is given by: Q; = 50PB - 50. It is given that Pps = $2 and / = $10,000 a) Calculate the equilibrium price and quantity

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