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Help quick!!! An Algebraic Approach to Equilibrium - Canoes Here are the demand and supply equations for the market for canoes. Qd = 500 -

Help quick!!!

image text in transcribed An Algebraic Approach to Equilibrium - Canoes Here are the demand and supply equations for the market for canoes. Qd = 500 - 0.25 P Qs = -100 + 0.50 P (a) What are the equilibrium price and quantity in this market? (b) Draw a graph of this market. Include the intercept values of the demand and supply equations, and the equilibrium values of price and quantity. Q (c) At what price would there be a shortage of 60 canoes

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